We look forward to working with you as we monitor this process. ![]() Implementation of the Act will require resolution of ambiguities and further rulemaking by the SEC. This Update summarizes the key points of the Act, but does not cover all the provisions of this very complex legislative package. The prohibition on new loans to directors and executive officers is effective immediately, and accelerated Form 4 deadlines will also be effective no later than August 29, 2002. One of the two CEO/CFO certification requirements appears to be effective immediately, while the second CEO/CFO certification requirement will be effective no later than August 29, 2002. Some provisions are effective immediately, while others will be effective as soon as the SEC adopts the relevant rules, which it must do within mandated time periods ranging from 30 days to one year. President Bush signed the Sarbanes-Oxley Act of 2002 into law on July 30, 2002, creating the most radical redesign of federal securities laws since the 1930s. ![]() Statement Against Anti-Asian Racism and Hate
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