In a letter to the SEC, the commission welcomed the proposed new rules proposed by the US
SEC that would make deregistration for non-US companies listed easier. The Commission also wants to see an increase in the trading volume threshold, which stands at 5% under the proposal. A higher threshold would allow a higher number of EU issuers to use the new rule.
The Commission also requested the SEC to use the 'worldwide trading volume instead of the primary market trading volume', thus taking into account all markets where the security is traded.
Press release
Letter
© European Commission
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