Regulation and Compliance

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Regulation and Legal Compliance

The US Liquidation Regulations Commission (USLRC) acts as the federal regulatory and supervisory body for the dissolution and liquidation of entities. Its mission, within the framework of legal compliance, is to ensure that each procedure is carried out based on principles of transparency, legality, and fairness, safeguarding the rights of all parties involved.

This section outlines the regulatory and operational pillars that guide our work in the areas of regulation and compliance.

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Federal Regulatory Framework

The USLRC establishes and updates the provisions governing the closure processes of legal entities, whether voluntary, compulsory, judicial, or administrative. These regulations are based on:

  • U.S. Bankruptcy Code – Title 11
  • Federal Corporate Dissolution Guidelines
  • USLRC Administrative Regulations and Circulars
  • Complementary regulations from agencies such as the IRS, DOL, and SEC
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Legal Compliance Oversight

The USLRC holds direct oversight authority, which allows it to:

  • Conduct documentary or in-person audits.
  • Request periodic reports from companies in liquidation.
  • Evaluate the actions of the liquidator according to professional standards.
  • Identify deviations, omissions, or conflicts of interest.
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Compliance Obligations

Any company in the liquidation process is responsible for:

  • Comply with current federal and state regulations.
  • Submit accurate, truthful, and timely documentation.
  • Actively cooperate with USLRC oversight.
  • Ensure creditors have access to relevant information.
  • Maintain ethical and non-preferential practices in asset distribution.
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Compliance Tools

The USLRC provides the following tools to operators:

  • Compliance manuals according to the type and size of the entity.
  • Regulatory checklists for each stage of the process.
  • Templates for technical and financial reports.
  • Access to regulatory consultations with qualified personnel.
  • Digital tracking system for periodic obligations (via SFRL).

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If you have any questions, please consult our Frequently Asked Questions or submit your inquiry.

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