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ARTICLE · 03 JUNE 2008

Corporate And Financial Weekly Digest - May 30, 2008

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On May 23, the Securities and Exchange Commission announced that it had signed protocols to share information on the application of International Financial Reporting Standards (IFRS) with financial regulators in Belgium, Bulgaria, Norway and Portugal. The arrangements with regulators in the four European countries are in line with the work plan previously agreed to between the SEC and the EU Committee of European Securities Regulators (CESR) and follow the rece

United StatesFinance and Banking
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SEC/Corporate
Robert L. Kohl, Mark A. Conley, Palash I. Pandya & David S. Kravitz

SEC Signs Protocols for Sharing Information on IFRS

On May 23, the Securities and Exchange Commission announced that it had signed protocols to share information on the application of International Financial Reporting Standards (IFRS) with financial regulators in Belgium, Bulgaria, Norway and Portugal. The arrangements with regulators in the four European countries are in line with the work plan previously agreed to between the SEC and the EU Committee of European Securities Regulators (CESR) and follow the recently signed protocols with the UK Financial Reporting Council and the UK Financial Service Authority. The protocols also follow the final rules published by the SEC on December 21, 2007, regarding the acceptance in SEC filings by foreign private issuers of financial statements prepared in accordance

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