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FEI blog: SEC Expected to Further Delay Sarbanes-Oxley 404 for Foreign Co’s, Small Cos; U.S. Chamber Supports Delay

FEI blog: SEC Expected to Further Delay Sarbanes-Oxley 404 for Foreign Co’s, Small Cos; U.S. Chamber Supports Delay

by Rick Turoczy on August 4, 2006

Two major newspapers interviewing SEC Chairman Christopher Cox earlier this week say they expect the SEC to offer a further delay to foreign private issuers to comply with the internal control reporting provisions under Sarbanes-Oxley Section 404 and related SEC and PCAOB rules. According to this article in the Washington Post and this article in the Financial Times, the delay (i.e., SEC final or proposed rulemaking, exemptive order or other action to extend the deadline) could come as early as this week. The expectation for a delay for foreign filers was indicated in this article in the Washington Post Aug. 2, and this article in the Financial Times Aug. 4.

FEI blog: SEC Expected to Further Delay Sarbanes-Oxley 404 for Foreign Co’s, Small Cos; U.S. Chamber Supports Delay

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