Saturday, March 24, 2007 By unanimous vote, the SEC's five commissioners approved a rule that would allow a foreign company to terminate its registration if the average daily U.S. trading in its securities amounts to no more than 5% of worldwide trading. The measure also contains investor protections, by requiring companies to wait 12 months to deregister or to have already met the trading volume standard when they delist. The rule is also timed to allow companies to avoid a deadline to comply with a much-criticized part of the 2002 Sarbanes-Oxley law that requires what many businesses call expensive and time-consuming checks on accounting and internal controls. Labels: foreign filer, registration, sec Previous articles Judge Dismisses Sarbanes-Oxley Lawsuit
|
Sponsored by:
Kumquat: Get the feedback you deserve
Learn more
FREE to Inside Sarbanes Oxley readers
|
About inside Sarbanes-Oxley inside Sarbanes Oxley is dedicated to finding the best sources of news and information on the changing landscape of Sarbanes Oxley and compliance. Whether you call it SOX, Sarbox, or the Sarbanes-Oxley Act of 2002, look no further than inside Sarbanes Oxley. More Copyright © 2004-2006, Inside Sarbanes-Oxley
|
Additional resources Try these recently updated resources: RSS Feed Interested in staying up-to-date on all the latest Sarbanes-Oxley news? Subscribe to the inside Sarbanes-Oxley RSS feed and get all of the latest news on SOX delivered directly to your feed reader. inside
Sarbanes-Oxley RSS Feed
|
