(22 June 2007 – USA) Increasingly Asia focussed ANZ is set to deregister from the US Securities and Exchange Commission’s reporting obligations.The bank will also withdraw its American Depositary Shares and ordinary shares from the New York Stock Exchange.
“The decision to deregister as a SEC registered and reporting company reduces ANZ’s administrative burdens and costs,” ANZ chief financial officer Peter Marriott said.
He said ANZ was committed to best practice in preparing its financial statements and the bank would adhere to the governance frameworks established under Sarbanes-Oxley compliance.
The deregistration means the bank’s debt and equity securities will not be listed on any US exchange.