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To list shares in New York, a firm must have a majority of outside directors.
(It does not list shares for all the countries in which it operates).
This would allow it to list shares in the United States by late next year.
UBS said it planned to list shares on the New York Stock Exchange this year.
Until it does, he believes, the corporation will have to postpone its plans to list shares on domestic exchanges.
The glitch could have a more lasting effect on BATS's plans to become a place where firms can list shares.
BAKERY SECURITIES ON LIST Shares of Landay Bros., Tung-Sol Lamp and Sheffield Steel Also Put on Sale.
Mr. Ma's decision to list shares overseas in the United States was also about maintaining its position.
And it is talking about letting foreign-owned companies list shares for buying and selling by Chinese.
Seven Bank, a subsidiary of Seven & i Holdings, plans to list shares on JASDAQ, Japan's small-companies exchange, on February 29th.
Companies must ask British regulators for special permission to list shares with such a small portion of freely available shares, or free float.
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