Sunday, June 18, 2006 However, it admitted that in the long-term if a foreign firm chose to buy the LSE then it could fall into the jurisdiction of a different regulator should the purchaser so wish. FSA chairman Callum McCarthy explained: "Neither the FSA nor the Securities and Exchange Commission consider that US ownership of the LSE, in and of itself, would result in US regulations, including Sarbanes-Oxley, applying to companies listed or quoted on its markets or member firms of the LSE." FSA chief: Sarbanes Oxley 'unlikely' to apply in UK Previous articles PCAOB auditor outlines Sarbox 'efficiencies'
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