the Sarbanes-Oxley Act
noun[S]
LAW,FINANCEukus(alsoSarbox[U]);(abbreviationSOX[U])a USlawthat makescompanieshave toprovidedetailedinformationabouttheirfinancialsituation, inordertopreventfraud:
Since Sarbox came intoeffect, manycompaniesprefertolisttheirsharesin Londonratherthan New York inordertoavoidthe law'sstrictreportingrequirements.