BusinessCompany NewsEuronext seeks Sarbanes-Oxley shield

Euronext seeks Sarbanes-Oxley shield

Advisers negotiating NYSE and Euronext tie up work on developing Sarbox shield

The advisers working on the deal between the NYSE and Euronext are working on
a complex legal formula that will prevent the enforcement of Sarbanes-Oxley on
companies listed in Europe.

The Times reports that the negotiations are expected to take up the
bulk of the rest of the year, even though the US Securities and Exchange
Commission has ruled out importing Sarbox rules to Europe.

Politicians and market players in Paris, however, have expressed concern that
later on the US might try to introduce Sarbanes-Oxley.

Lawyers working on the deal are developing a clause that would break the
merger if Sarbanes-Oxley was introduced.

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

3m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

7m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

7m Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

10m Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

10m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

10m Emma Smith, Managing Editor