Author (Corporate) | European Commission: DG Communication |
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Series Title | Press Release |
Series Details | IP/07/185 (14.2.07) |
Publication Date | 14/02/2007 |
Content Type | News |
The European Commission has welcomed new rules proposed by the United States (US) Securities and Exchange Commission (SEC) that would make it much easier for non-US companies listed on US capital markets to deregister from those markets at a time of their choosing, once certain criteria have been fulfilled. In the Commission's view, the new rules, which are based on a comparison of the company's trading volume on the US market and on its primary market, have the potential to largely resolve issues concerning the existing rules, which are based on the number of US investors and are considered by EU companies to be overly restrictive. In addition, the Commission strongly encourages SEC to ensure swift adoption of its revised proposal. The Commission has set out these views, as well as some additional technical comments, in a letter to the SEC responding to its call for comments on the proposed rules. The Commission's response is supported by EU Member States and European issuers associations. |
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Source Link | http://europa.eu/rapid/pressReleasesAction.do?reference=IP/07/185&format=HTML&aged=0&language=EN&guiLanguage=en |
Subject Categories | Business and Industry |
Countries / Regions | Europe, United States |
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