In the News: US Crackdowns on SPACs; Chinese Companies with Ties to the Military Targeted; and AML to Include Crypto

February 08, 2024 | BY

Brian Chan &Krista Lee

The U.S. released new regulations that will bring SPAC disclosure requirements more in line with traditional IPOs; First Chinese VC firm is included in U.S. Defense Department's military-related company list; and China is working on expanding its Anti-Money Laundering Law to cover virtual assets

Credit: Adobe Stock

|

U.S. to Increase Disclosure Requirements on SPACs

On January 24, the U.S. Securities and Exchange Commission (SEC) adopted new rules to increase disclosure requirements and investor protections in initial public offerings (IPOs) through special purpose acquisition companies (SPACs) and in subsequent acquisitions between SPACs and target companies (de-SPAC transactions).

This premium content is reserved for
China Law & Practice Subscribers.

  • A database of over 3,000 essential documents including key PRC legislation translated into English
  • A choice of newsletters to alert you to changes affecting your business including sector specific updates
  • Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
For enterprise-wide or corporate enquiries, please contact our experienced Sales Professionals at +44 (0)203 868 7546 or [email protected]