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Sarbanes-Oxley deadline this weekend for many UK firms

Sarbanes-Oxley deadline this weekend for many UK firms

by Rick Turoczy on July 13, 2006

This weekend, larger UK companies that are listed on US exchanges will pass the deadline for filing SOX-compliant annual returns. All these companies, those that are capitalised at greater than US$75 million, must comply with the obligations of the Sarbanes-Oxley Act (SOX) on their next set of returns filed after the 15th July, two years later than their US equivalents. Foreign companies with a capitalisation of less than $75M have a year’s grace – but the majority of UK firms impacted are those larger and global firms and few are expected to fall below the cut-off point.

Sarbanes-Oxley deadline this weekend for many UK firms

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