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On Dec. 6, 2006, the European Union (EU) announced it will accept US, Canadian, and Japanese GAAP for foreign listings in the EU for two more years, before requiring them to report in IFRS, or determining equivalency of the foreign GAAPs to IFRS. Separately, the SEC will consider reproposing deregistration rules for foreign private issuers at its Dec. 13 open commission meeting.... more » (FEI members only)
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