He opposed last year's rule, which was passed by three commissioners.
Of the 25 responses from industry organizations, all but 7 opposed the rule.
Both countries are now ruled by Presidents who opposed military rule at home in the 1970's and 1980's.
Many companies are gearing up to oppose the international rule as well.
Most of the country's largest mutual fund companies oppose the new rule.
It was a long awaited opportunity for them to oppose the British rule.
Mutual fund companies opposed the rule when it was approved last summer, by a 3-to-2 vote.
Mutual fund companies opposed the rule when the commission approved it, 3 to 2, last summer.
He most actively opposed Bongo's rule between 1967 and 1971.
Shortly after, he was shot by soldiers and sought medical treatment in London, but returned a year later to oppose the military rule.