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NYSE Euronext serves as an advocate for ongoing communication between and among our listed companies and influential parties around the world, and will continue to keep interested parties advised as new developments occur.
There is a clear global trend toward regulatory convergence and mutual recognition on many fronts from various oversight bodies. The driving forces include the need to protect investors and provide them with greater opportunities, while allowing issuers to access global capital at lower cost.
Several major regulatory developments are worth highlighting, all of which have the potential to positively impact Foreign Private Issuers (FPIs):
Internal Control over Financial Reporting (ICFR) - The SEC and the PCAOB approved changes to ICFR regulations that are intended to significantly reduce costs to listed companies.
International Financial Reporting Standards (IFRS) – The SEC will no longer require an FPI to provide a reconciliation to U.S. GAAP, provided the FPI prepares its financial statements in accordance with IFRS as published by the International Accounting Standards Board (IASB).
Fast-Path Listing Procedure for Cross-Listings in U.S. and Europe (Fast Path) - European regulatory authorities will allow NYSE-listed, non-European Union issuers to obtain a technical, secondary listing or raise capital on Euronext's European markets, based primarily on documentation filed with the SEC.
To view a PowerPoint presentation summarizing these three developments and their potential impact on non-U.S.NYSE-listed companies, click here.
 Click here for a pdf version of the presentation.
For more information contact globalregs@nyx.com.
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