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Europe Daily Bulletin No. 8480

12 June 2003
Contents Publication in full By article 23 / 40
GENERAL NEWS / (eu) eu/united states
Roel Campos, from the US Securities and Exchange Commission, rejects the idea of "mutual recognition" of controls

Brussels, 11/06/2003 (Agence Europe) - Roel Campos, Commissioner at the US Securities and Exchange Commission, rejected the European request for a "mutual recognition" agreement allowing European companies to be exempted from the audit and inspection rules imposed on companies defined by the US Sarbanes-Oxley Act. Speaking on Wednesday before the Centre for European Policy Studies (CEPS), he pointed out that "we are more inclined to a single set of rules for all participants in the US...

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