Accordingly, the new rules are not applicable to foreign private issuers, including those that elect to file on domestic forms.

Accordingly, the new disclosure requirements are not applicable to foreign private issuers.

In addition, the age of financial statements of a foreign business can be the same as a foreign private issuer.

Company X is a foreign private issuer with 100,000 employees worldwide.

We have determined to include foreign private issuers within the scope of the final rules implementing Sections 406 and 407.

Such imposition may be unfair to foreign private issuers.

Therefore, the final rules do not require a foreign private issuer to disclose whether its audit committee financial expert is independent.

These can be issued by foreign issuers looking to diversify their investor base away from domestic markets.

In the last two years, more than 200 foreign issuers from 27 countries entered American financial markets for the first time.

The consortium arrangement fell through in 2003 when foreign issuers backed out.