EC joins international clamour for Sarbanes-Oxley exclusions
January 08, 2003 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
The European Commission (EC) has thrown its weight behind international calls for foreign lawyers to be exempted from tough anti-fraud reforms that from this month would allow American regulators to police lawyers of US-listed companies.
The submission, sent last month by the EC director-general Alexander Schaub, is part of an international drive to exempt non-US lawyers from controversial provisions in the Sarbanes-Oxley Act before its implementation deadline of 26 January.
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