Is SPAIN affected by SOX? 2175

  • I know that if a Spanish company has a holding company who is quoted on the US market (aka NASDAQ) then it has to be SOX compliant, but does anyone know if a Spanish companies need to be SOX Compliant too, if they DONT have USA couterparts?
    If not need for SOX, does anyone know about how (if at all) Spanish companies need to comply with IT Compliancy, like the FSA over here in the UK?

  • Spanish companies would only need to comply with SOX where they have an equity listing on a US market.
    Where this is not the case they would have to comply with relevant Spanish corporate governance whcih should be increasing to comply with EU directives.

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