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SEC Relaxes Rules For Foreign Companies

Law360 (March 23, 2007, 12:00 AM EDT) -- Deregistering from U.S. exchanges will soon be a much less complicated process for foreign issuers, thanks to the U.S. Securities and Exchange Commission’s recent decision to amend the rules governing foreign private issuers.

At an open meeting held on March 21, the Commission voted to adopt a relaxed version of the current regulations that dictate the terms of withdrawing from the U.S. capital markets.

SEC Commissioner Annette Nazareth, giving the opening statement at the meeting, called the amendments “a definitive step by the Commission to maintain...
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