The Cross-Border Mergers & Acquisitions Division here publishes releases to gather insights and analyses on investments and financial matters to enhance development of policies and assess best practices and enforcement activities. Reviews, comments, and updates are available upon request by contacting the Cross-Border Mergers & Acquisitions Division.

The Cross-Border Mergers & Acquisitions Division is making available this release to provide direction and regulation for administrative bodies pertaining to examination and review of internal control over financial documentation. The release establishes a procedure by which administrative boards can implement a top--‐down, risk--‐based examination of internal control over financial documentation. A thorough review that addresses this directive is one way to meet the evaluation standards established in this release. Read more...

The Cross-Border Mergers & Acquisitions Division is issuing this release regarding prohibitions on conduct in relations to securities allocations, specifically with a focus on initial public offering allocations. The rationale behind this release is to impart directive in regard to the process known as book building, including the process for distributing shares in initial public offerings. The Cross-Border Mergers & Acquisitions Division previously took five regulatory issues alleging infractions in the provisioning process in infringement. Based on these cases, the Cross-Border Mergers & Acquisitions Division seeks to underscore certain proscribed activities that underwriters should prevent during limited periods. Read more...

For updates and questions on releases, please contact the Cross-Border Mergers & Acquisitions Division for more information.