part, with any request by the Commission or the Board under this
section, shall be deemed a violation of this Act.
(f) O
THER
M
EANS OF
S
ATISFYING
P
RODUCTION
O
BLIGATIONS
.—
Notwithstanding any other provisions of this section, the staff of
the Commission or the Board may allow a foreign public accounting
firm that is subject to this section to meet production obligations
under this section through alternate means, such as through for-
eign counterparts of the Commission or the Board.
(g) D
EFINITION
.—In this section, the term ‘‘foreign public ac-
counting firm’’ means a public accounting firm that is organized
and operates under the laws of a foreign government or political
subdivision thereof.
SEC. 107. ø15 U.S.C. 7217¿ COMMISSION OVERSIGHT OF THE BOARD. (a) G
ENERAL
O
VERSIGHT
R
ESPONSIBILITY
.—The Commission
shall have oversight and enforcement authority over the Board, as
provided in this Act. The provisions of section 17(a)(1) of the Secu-
rities Exchange Act of 1934 (15 U.S.C. 78q(a)(1)), and of section
17(b)(1) of the Securities Exchange Act of 1934 (15 U.S.C.
78q(b)(1)) shall apply to the Board as fully as if the Board were a
‘‘registered securities association’’ for purposes of those sections
17(a)(1) and 17(b)(1).
(b) R
ULES OF THE
B
OARD
.—
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December 21, 2020
G:\COMP\SEC\SARBANES-OXLEY ACT OF 2002.XML
As Amended Through P.L. 116-222, Enacted December 18, 2020