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London erects wall against Sarbanes-Oxley

London erects wall against Sarbanes-Oxley

by Rick Turoczy on September 13, 2006

British authorities are moving to ensure that Washington`s Sarbanes-Oxley rules never apply to the London Stock Exchange.

LSE leaders want to make sure than if any foreign buyers take control of their exchange it will not be subject Sarbanes-Oxley rules, which they view as draconian, the Telegraph reported Wednesday.

Those concerns have risen as New York’s Nasdaq Stock Exchange Inc. has gained a nearly 30-percent stake in the LSE.

London erects wall against Sarbanes-Oxley

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