SEC to relax regulations for non-US issuers

After pressure from a number of top multinationals around the regulations for listing and de-listing in the US, William Donaldson, chairman of the Securities and Exchange Commission (SEC), has said he would like to see the SEC consider providing relief for foreign private issuers. In a speech given Jan. 25 2005 at the London School of Economics and Political Science in London, UK, Donaldson made three recommendations. The three primary recommendations he made are for SEC to:

• consider new approach to allow more flexibility in deregistration process for foreign private issuers.