regulations or interpretations of the Securities and Exchange Commission related to the application of section 15 of the Securities Exchange Act of 1934 ( 15 U.S.C. 78o ) to foreign broker dealers. (ii) Regional center certifications required (I) Initial certification The Secretary of Homeland Security may not approve an application for regional center designation or a regional center amendment unless the regional center certifies that the regional center is in compliance with, and has policies and procedures (including those related to internal and external due diligence) reasonably designed to confirm, as applicable, that the regional center, any associated new commercial enterprises, any job-creating entities, and all persons involved with such entities are and will remain in compliance with the securities laws of the United States and of any State in which— (aa) the offer, purchase, or sale of securities was conducted