SEC to review success of section 404

Link: Donaldson to extend 404 aid

The review will focus on the experiences of accountancy firms and companies in the US implementing the new rules over the past year.

SEC chief William Donaldson revealed in London last month that the regulator would consider a further delay to implementation of 404 for foreign companies in the UK and Europe. That would take the deadline from July this year to November or December.

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