Concerns arise over liability deals as government tries to secure agreement with SEC
Liability deals between auditors and multi-nationals could fail to happen if the government does not secure agreement from the US Securities & Exchange Commission on the arrangements, senior figures have warned.
The Department for Business, Enterprise and Regulatory Reform is in talks with the SEC, led by Christopher Cox, amid concerns that companies dual-listed in the UK and the US may not be able to enter limited liability contracts at all due to US regulations.
Discussions have been going on for ‘months,’ sources said, but there is little sign of progress.
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