The name of a DATA step character variable whose value is a text expression or a SAS statement to be generated. Do not enclose the name of the DATA step variable in quotation marks. A character expression that is resolved by the DATA step to a macro text expression or a SAS statement.
This means, for example, that any foreign private issuer that has listed its securities in the US, or issued securities to the public in the US whether or not listed (such as in a registered exchange offer for high-yield bonds) is subject to the Sarbanes-Oxley Act.
Yes, Sarbanes-Oxley Applies to Private Companies. By: Robert F. Mechur, Esq. Since its enactment in 2002, the Sarbanes-Oxley Act (âSOXâ) has been widely perceived to regulate only publicly held companies. That perception is not, and has never been, correct. There are some provisions of SOX that expressly apply to privately held companies. In addition, lenders, investors and potential business partners consider SOX corporate governance requirements to establish âbest practicesâ for both public and private companies.