Saturday, March 24, 2007

SEC eases foreign groups’ exit from US


The US on Wednesday removed one of the most frustrating regulatory burdens afflicting foreign companies with US listings by making it easier for them to escape compliance with the Sarbanes-Oxley law.

The move is part of a series taken, or under consideration, in recent months to tackle US perceptions that the country’s regulatory and legal landscape is discouraging foreign investors.

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