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Analysis: Ticking off the list

Analysis: Ticking off the list

by Rick Turoczy on March 23, 2005

The Sarbanes-Oxley Act continues to make the headlines as the telecoms giant O2 joins the ranks of dual-listed European companies de-listing in the US. Sophie Evans looks at the real cost of the controversial US legislation and how some companies are dramatically responding to their mounting compliance bills.

European companies are causing a bit of a stir in the US, with a flurry of well-known names making good on their threats to de-list from the New York Stock Exchange. Having totted up the multi-million pound costs of complying with Sarbanes-Oxley, they have also terminated their US reporting regulations by de-registering with the Securities and Exchange Commission (SEC).

What started out as a trickle of companies a couple of years ago, has now grown to a steady stream, large enough to be making the SEC contemplate further rule changes. There has been a lot of talk of sledgehammers, and nuts on the part of Europe’s disgruntled US-listed companies.

Analysis: Ticking off the list

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