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SEC Deregistration Plan Seen Making ‘Everyone Happy’

Published by claudia March 16th, 2007 in News, SEC, SOX, Section 404, Europe, Asia Tags: , , , , , .

U.S. regulators expect a warm reception for changes the Securities and Exchange Commission will finalize next week making it easier for non-U.S. companies to exit U.S. securities markets.

The final rule on foreign deregistration “will make everyone happy,” SEC Corporation Finance Division Director John White said Friday in remarks to the American Bar Association.

Under the plan, non-U.S. companies would be free to leave the U.S. for good if U.S. trading in their securities is 5% or less than trading in the same securities in their home country over the previous 12 months.

Morningstar.com: SEC Deregistration Plan Seen Making ‘Everyone Happy’

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