« Bid adieu to the Great Audit War
New CCH White Paper Covers SEC, PCAOB Internal Controls Guidance »

United Utilities and ICI drop New York listings

Published by claudia June 1st, 2007 in News, SOX, Europe, North America, Company News, Sarbox Tags: , , , , , , .

Two more UK companies have announced they will delist their shares from the New York stock market to avoid the burden of complying with legislation such as the Sarbanes-Oxley Act.

Both United Utilities and ICI expect to cut their compliance costs by millions of pounds a year by dropping their secondary listings in the US.

Warrington-based United Utilities, which operates electricity and water networks, said today it was running up “significant costs” by complying with the US Securities Exchange Act and Sarbanes-Oxley.

Business Guardian: United Utilities and ICI drop New York listings

Votes | Average: 0 out of 5 Votes | Average: 0 out of 5 Votes | Average: 0 out of 5 Votes | Average: 0 out of 5 Votes | Average: 0 out of 5 (No Ratings Yet)
Loading ... Loading ...
 E-Mail This Post/Page EMail This Print This Post

No Responses to “United Utilities and ICI drop New York listings”  

Feed for this Entry Trackback Address
  1. No Comments

Leave a Reply


Search

- Sponsored by -

Categories

Related Entries

Highest Rated Entries

  • Committee on Capital Markets Regulation Average: 5 out of 5Average: 5 out of 5Average: 5 out of 5Average: 5 out of 5Average: 5 out of 5 (5 out of 5)
  • AsiaInfo Assists China Mobile to Comply With the Sarbanes-Oxley Act Average: 5 out of 5Average: 5 out of 5Average: 5 out of 5Average: 5 out of 5Average: 5 out of 5 (5 out of 5)
  • Follow up to the High Tech Industries Conference for Financial Professional, 22th 2006 Average: 5 out of 5Average: 5 out of 5Average: 5 out of 5Average: 5 out of 5Average: 5 out of 5 (5 out of 5)
  • SOX Automation, Inc is the new sponsor of the SOX-Center.com blog Average: 5 out of 5Average: 5 out of 5Average: 5 out of 5Average: 5 out of 5Average: 5 out of 5 (5 out of 5)
  • California Board of Accountancy Presents a Free Forum Average: 5 out of 5Average: 5 out of 5Average: 5 out of 5Average: 5 out of 5Average: 5 out of 5 (5 out of 5)
  • Morningstar: Oxley Sees Changes In Sarbanes-Oxley In Near Future Average: 5 out of 5Average: 5 out of 5Average: 5 out of 5Average: 5 out of 5Average: 5 out of 5 (5 out of 5)
  • Sarbanes-Oxley does not apply outside the U.S. Average: 5 out of 5Average: 5 out of 5Average: 5 out of 5Average: 5 out of 5Average: 5 out of 5 (5 out of 5)
  • SOX Automation News: NASPP 14 annual Conference in Las Vegas, Oct 10-13, 2006 Average: 5 out of 5Average: 5 out of 5Average: 5 out of 5Average: 5 out of 5Average: 5 out of 5 (5 out of 5)
  • Wall Street firms asked to detail Sarbanes-Oxley's impact Average: 5 out of 5Average: 5 out of 5Average: 5 out of 5Average: 5 out of 5Average: 5 out of 5 (5 out of 5)
  • EU Says US Moves Ease Dispute Over Sarbanes-Oxley Act Average: 5 out of 5Average: 5 out of 5Average: 5 out of 5Average: 5 out of 5Average: 5 out of 5 (5 out of 5)

    • Most Rated Entries

  • Anti-Sox Clause maybe included in NYSE-Euronext Merger Deal - 6 Votes
  • Interesting Report: 92 % of Public Companies’ Revenue Processes at Risk for Compliance Failures and Restatements - 3 Votes
  • SOX focus on Big4Guy.com this week - 3 Votes
  • U.S. competitiveness is at risk, says report - 3 Votes
  • Can the government protect the LSE from Sarbox? - 3 Votes
  • SEC offers Further Relief for Smaller Companies - 2 Votes
  • Committee on Capital Markets Regulation - 2 Votes
  • California Board of Accountancy Presents a Free Forum - 2 Votes
  • High Tech Industries Conference for Financial Professionals at Sept. 22th 2006 - 2 Votes
  • Sarbanes-Oxley does not apply outside the U.S. - 2 Votes

    • Most Viewed Entries

  • California Board of Accountancy Presents a Free Forum - 190,552 Views
  • Board Proposes Revised Auditing Standard on Internal Control over Financial Reporting - 89,443 Views
  • Follow PCAOB meeting about Sarbanes-Oxley-Act via webcast - 6,169 Views
  • Sarbanes-Oxley law has been a pretty clean sweep - 6,150 Views
  • SEC: No Help Needed from Congress - 5,929 Views
  • Congress Flexes Its Regulatory Muscles - 5,685 Views
  • Oxley says reforms' effects overblown - 5,683 Views
  • House Votes to Give Small Companies More Time on Sarbanes-Oxley - 5,631 Views
  • Japan insurer Millea quits Nasdaq, U.S. accounting - 5,578 Views
  • CFOs and controllers at U.S. subsidiaries of Japanese firms begin implementing the Japanese version of Sarbanes-Oxley. - 5,565 Views

    • Most Emailed Entries

  • Board Proposes Revised Auditing Standard on Internal Control over Financial Reporting - 4 Emails
  • CFO to Pay $51M for Fraud, Sarbox Breach - 2 Emails
  • SEC offers Further Relief for Smaller Companies - 1 Emails
  • Interesting Report: 92 % of Public Companies’ Revenue Processes at Risk for Compliance Failures and Restatements - 1 Emails
  • Committee on Capital Markets Regulation - 1 Emails
  • California Board of Accountancy Presents a Free Forum - 1 Emails
  • Follow PCAOB meeting about Sarbanes-Oxley-Act via webcast - 1 Emails
  • NYSE chief attacks Aim - 1 Emails
  • Sarbanes-Oxley Charges in Conn. Case Worry Corporate Defense Lawyers - 1 Emails
  • Compliance stifles outsourcing - 1 Emails

    • Syndicate