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Watchdog says LSE safe

Watchdog says LSE safe

by Rick Turoczy on September 21, 2006

The body hinted that Treasury secretary Ed Balls overreacted when he announced radical plans to ring-fence the London capital markets regime from Sarbanes-Oxley regulation.

‘Joint ownership of a US exchange and a non-US exchange would not result in automatic application of US securities regulation to the listing or trading activities of the non-US exchange. You can’t be subject to US rules unless you either raise capital or provide financial services in the US,’ SEC spokesman John Nester said.

Watchdog says LSE safe

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