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Anti-BriberyandBooks&RecordsProvisionsofTheForeignCorruptPracticesActCurrentthroughPub.L.105-366(November10,1998)UNITEDSTATESCODETITLE15.COMMERCEANDTRADECHAPTER2B--SECURITIESEXCHANGES§78m.Periodicalandotherreports(a)Reportsbyissuerofsecurity;contentsEveryissuerofasecurityregisteredpursuanttosection78lofthistitleshallfilewiththeCommission,inaccordancewithsuchrulesandregulationsastheCommissionmayprescribeasnecessaryorappropriatefortheproperprotectionofinvestorsandtoinsurefairdealinginthesecurity--(1)suchinformationanddocuments(andsuchcopiesthereof)astheCommissionshallrequiretokeepreasonablycurrenttheinformationanddocumentsrequiredtobeincludedinorfiledwithanapplicationorregistrationstatementfiledpursuanttosection78lofthistitle,exceptthattheCommissionmaynotrequirethefilingofanymaterialcontractwhollyexecutedbeforeJuly1,1962.(2)suchannualreports(andsuchcopiesthereof),certifiedifrequiredbytherulesandregulationsoftheCommissionbyindependentpublicaccountants,andsuchquarterlyreports(andsuchcopiesthereof),astheCommissionmayprescribe.Everyissuerofasecurityregisteredonanationalsecuritiesexchangeshallalsofileaduplicateoriginalofsuchinformation,documents,andreportswiththeexchange.(b)Formofreport;books,records,andinternalaccounting;directives***(2)Everyissuerwhichhasaclassofsecuritiesregisteredpursuanttosection78lofthistitleandeveryissuerwhichisrequiredtofilereportspursuanttosection78o(d)ofthistitleshall--(A)makeandkeepbooks,records,andaccounts,which,inreasonabledetail,accuratelyandfairlyreflectthetransactionsanddispositionsoftheassetsoftheissuer;and(B)deviseandmaintainasystemofinternalaccountingcontrolssufficienttoprovidereasonableassurancesthat--(i)transactionsareexecutedinaccordancewithmanagement'sgeneralorspecificauthorization;(ii)transactionsarerecordedasnecessary(I)topermitpreparationoffinancialstatementsinconformitywithgenerallyacceptedaccountingprinciplesoranyothercriteriaapplicabletosuchstatements,and(II)tomaintainaccountabilityforassets;(iii)accesstoassetsispermittedonlyinaccordancewithmanagement'sgeneralorspecificauthorization;and(iv)therecordedaccountabilityforassetsiscomparedwiththeexistingassetsatreasonableintervalsandappropriateactionistakenwithrespecttoanydifferences.(3)(A)WithrespecttomattersconcerningthenationalsecurityoftheUnitedStates,nodutyorliabilityunderparagraph(2)ofthissubsectionshallbeimposeduponanypersonactingincooperationwiththeheadofanyFederaldepartmentoragencyresponsibleforsuchmattersifsuchactincooperationwithsuchheadofadepartmentoragencywasdoneuponthespecific,writtendirectiveoftheheadofsuchdepartmentoragencypursuanttoPresidentialauthoritytoissuesuchdirectives.Eachdirectiveissuedunderthisparagraphshallsetforththespecificfactsandcircumstanceswithrespecttowhichtheprovisionsofthisparagrapharetobeinvoked.Eachsuchdirectiveshall,unlessrenewedinwriting,expireoneyearafterthedateofissuance.(B)EachheadofaFederaldepartmentoragencyoftheUnitedStateswhoissuessuchadirectivepursuanttothisparagraphshallmaintainacompletefileofallsuchdirectivesandshall,onOctober1ofeachyear,transmitasummaryofmatterscoveredbysuchdirectivesinforceatanytimeduringthepreviousyeartothePermanentSelectCommitteeonIntelligenceoftheHouseofRepresentativesandtheSelectCommitteeonIntelligenceoftheSenate.(4)Nocriminalliabilityshallbeimposedforfailingtocomplywiththerequirementsofparagraph(2)ofthissubsectionexceptasprovidedinparagraph(5)ofthissubsection.(5)Nopersonshallknowinglycircumventorknowinglyfailtoimplementasystemofinternalaccountingcontrolsorknowinglyfalsifyanybook,record,oraccountdescribedinparagraph(2).(6)Whereanissuerwhichhasaclassofsecuritiesregisteredpursuanttosection78lofthistitleoranissuerwhichisrequiredtofilereportspursuanttosection78o(d)ofthistitleholds50percentumorlessofthevotingpowerwithrespecttoadomesticorforeignfirm,theprovisionsofparagraph(2)requireonlythattheissuerproceedingoodfaithtouseitsinfluence,totheextentreasonableundertheissuer'scircumstances,tocausesuchdomesticorforeignfirmtodeviseandmaintainasystemofinternalaccountingcontrolsconsistentwithparagraph(2).Suchcircumstancesincludetherelativedegreeoftheissuer'sownershipofthedomesticorforeignfirmandthelawsandpracticesgoverningthebusinessoperationsofthecountryinwhichsuchfirmislocated.Anissuerwhichdemonstratesgoodfaitheffortstousesuchinfluenceshallbeconclusivelypresumedtohavecompliedwiththerequirementsofparagraph(2).(7)Forthepurposeofparagraph(2)ofthissubsection,thetermsreasonableassurancesandreasonabledetailmeansuchlevelofdetailanddegreeofassuranceaswouldsatisfyprudentofficialsintheconductoftheirownaffairs.-top-***§78dd-1[Section30AoftheSecurities&ExchangeActof1934].Prohibitedforeigntradepracticesbyissuers(a)ProhibitionItshallbeunlawfulforanyissuerwhichhasaclassofsecuritiesregisteredpursuanttosection78lofthistitleorwhichisrequiredtofilereportsundersection78o(d)ofthistitle,orforanyofficer,director,employee,oragentofsuchissueroranystockholderthereofactingonbehalfofsuchissuer,tomakeuseofthemailsoranymeansorinstrumentalityofinterstatecommercecorruptlyinfurtheranceofanoffer,payme