15 USC § 7266 - Enhanced review of periodic disclosures by issuers

---
identifier: "/us/usc/t15/s7266"
source: "usc"
legal_status: "official_prima_facie"
title: "15 USC § 7266 - Enhanced review of periodic disclosures by issuers"
title_number: 15
title_name: "COMMERCE AND TRADE"
section_number: "7266"
section_name: "Enhanced review of periodic disclosures by issuers"
chapter_number: 98
chapter_name: "PUBLIC COMPANY ACCOUNTING REFORM AND CORPORATE RESPONSIBILITY"
subchapter_number: "IV"
subchapter_name: "ENHANCED FINANCIAL DISCLOSURES"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Pub. L. 107–204, title IV, § 408, July 30, 2002, 116 Stat. 790.)"
---


# § 7266. Enhanced review of periodic disclosures by issuers

**(a)** **Regular and systematic review** section 78m(a) of this title

The Commission shall review disclosures made by issuers reporting under  (including reports filed on Form 10–K), and which have a class of securities listed on a national securities exchange or traded on an automated quotation facility of a national securities association, on a regular and systematic basis for the protection of investors. Such review shall include a review of an issuer’s financial statement.

**(b)** **Review criteria** For purposes of scheduling the reviews required by subsection (a), the Commission shall consider, among other factors—

**(1)** issuers that have issued material restatements of financial results;

**(2)** issuers that experience significant volatility in their stock price as compared to other issuers;

**(3)** issuers with the largest market capitalization;

**(4)** emerging companies with disparities in price to earning ratios;

**(5)** issuers whose operations significantly affect any material sector of the economy; and

**(6)** any other factors that the Commission may consider relevant.

**(c)** **Minimum review period** *o*

In no event shall an issuer required to file reports under section 78m(a) or 78(d) of this title be reviewed under this section less frequently than once every 3 years.

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**Source Credit**: (Pub. L. 107–204, title IV, § 408, July 30, 2002, 116 Stat. 790.)