For companies in the telecommunications industry, 2010 has proved to be an eventful year in the regulatory context with the release of the National Broadband Plan by the FCC. Congress intended the Plan to be a long-reaching analysis of what the government and private industry needed to do to achieve ubiquitous broadband access. In 2011, regulatory and legislative activity spurred by the Plan relating to privacy and advertising disclosures likely will present significant compliance challenges for telecommunications companies. In addition, the FCC is considering changes to the rules that govern billing for communications service providers.
compliance-challenges-for-2011-telecomThis year also marked the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which ultimately will result in sweeping changes to the regulatory environment in response to the recent financial crisis. For public reporting telecommunications companies, the passage of the Act heralds a number of new regulatory requirements to be issued by the SEC.
See full Article.
Posts
