The Securities and Exchange Commission last month adopted new rules that simplify procedures for delisting from the New York Stock Exchange and the American Stock Exchange. But those rules are just a precursor to rules expected to be proposed in the comings months that are eagerly anticipated by securities lawyers: ones that address the deregistration process.
According to experts, companies—particularly those based overseas—have been eager to delist from U.S. exchanges and deregister with the SEC in order to escape the corporate governance and related requirements of The Sarbanes-Oxley Act of 2002.
