§ Mr. Austin MitchellTo ask the Secretary of State for Trade and Industry what study she has made of the effect of the US Sarbanes-Oxley Act 2002 on British companies operating in the USA; and what representations she has made to US authorities on this issue. [100755]
§ Miss Melanie JohnsonThere has been dialogue with the major business representative organisations and with various individual companies on the impact of the US Act on British companies. We have made representations at Ministerial and official levels on all aspects of the Act to the US authorities, and I raised the issue with Senators, the Securities and Exchange Commission, the Public Company Accounting Oversight Board and the New York Stock Exchange
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TOC Manufacturer Date of order Number of vehicles Status of order Anglia Railways Adtranz March 1998 24 Completed Anglia Railways Bombardier January 2002 8 Completed Arriva Trains Northern Siemens February 1998 48 Completed Arriva Trains Northern Siemens May 2000 8 Completed Arriva Trains Northern Siemens November 2001 8 Delivery to start from July 2003 C2c Adtranz June 1997 184 Completed C2c Bombardier June 2000 112 Completed Central Trains Adtranz May 1998 26 Completed Central Trains Adtranz May 1998 29 Completed Central Trains Adtranz August 1998 21 Completed Chiltern Railway Adtranz August 1996 12 Completed Chiltern Railway Adtranz April 1998 8 Completed Chiltern Railway Adtranz June 1999 10 Completed Chiltern Railway Adtranz August 2000 9 Completed Chiltern Railway Bombardier September 2001 7 Completed Connex South Eastern Bombardier July 1997 120 Delivery begun Connex South Eastern Bombardier July 1998 60 Delivery begun Connex South Eastern Bombardier July 1998 30 Delivery begun Connex South Eastern Bombardier June 2002 228 Delivery to start From July 2003 Connex South Eastern Bombardier July 2002 180 Delivery to start from July 2004 First Great Eastern Siemens May 2001 84 Delivery to start from April 2003 First Great Western Alstom April 1998 40 Completed First Great Western Alstom June 1999 30 Delivery begun First North Western Alstom April 1998 70 Completed Gatwick Express Alstom January 1998 64 Completed Midland Mainline Adtranz October 1997 34 Completed Midland Mainline Adtranz February 2001 10 Completed Midland Mainline Bombardier January 2002 127 Delivery to start from April 2004 ScotRail Adtranz March 1998 27 Completed ScotRail Adtranz April 1998 18 Completed ScotRail Adtranz August 1999 27 Completed ScotRail Adtranz August 1999 6 Completed ScotRail Alstom March 1998 120 Completed South Central Bombardier August 2001 84 Delivery begun South Central Bombardier August 2001 156 Delivery to begin April 2003 South Central Bombardier March 2002 460 Delivery to begin April 2004 during a visit to Washington and New York last month. We have also supported the European Commission in their representations to the US on the issue.