The U.S. Securities and Exchange Commission (SEC) is likely to decide in a vote on Wednesday to help non-U.S. companies opt out of SEC oversight, a lawyer lobbying for the change said.
European industry including the European Association for Listed Companies has lobbied to make de-registering easier, with half an eye on U.S. Sarbanes-Oxley rules, set to come into force for non-U.S., SEC-registered firms in 2006 and widely seen as burdening business. |