Commissioner Annette L. Nazareth, U.S. Securities and Exchange Commission
I would like to thank the Division of Corporation Finance, especially John White, Mauri Osheroff, Paul Dudek, and Elliot Staffin, for their thoughtful recommendation to adopt rules concerning when a foreign private issuer may exit the Exchange Act registration and reporting regime. I am pleased to support the recommendations, which touch on a global issue with far-reaching implications.
Much has been said in recent months about maintaining the competitiveness of our capital markets, with no less than three blue-ribbon efforts focused on examining ways to maintain the preeminence of U.S. capital markets in the face of increased global competition. Our goal, broadly speaking, should be to ensure that our markets continue to be an attractive, cost-effective venue for raising capital, while at the same time maintaining a high level of market integrity and investor protection.
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