Can the government protect the LSE from Sarbox?
Published by claudia November 29th, 2006 in SOX, Europe Tags: london stock exchange, lse, sarbanes oxley, sarbox, stock exchange nasdaq.The threat of foreign ownership has promted the government to rush through Sarbox protection legislation for the London Stock Exchange.
Last year, the volumes and values of European IPOs outstripped US activity for the first time in four years – as companies moved to avoid the onerous requirements of Sarbanes-Oxley.
And a senior director of US stock exchange Nasdaq has admitted that Sarbanes-Oxley has damaged its ability to attract new listings. The exchange is now frantically lobbying the US authorities to revise the regulatory rules.
AccountancyAge:Can the government protect the LSE from Sarbox?
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