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Euronext seeks shield from Sarbanes-Oxley

Euronext seeks shield from Sarbanes-Oxley

by Rick Turoczy on July 26, 2006

Advisors negotiating the merger of Euronext and the New York Stock Exchange are working on a legal formula that would prevent any imposition of rigorous US Sarbanes-Oxley regulation on companies listed in Europe.

They are expected to take most of the rest of the year hammering out terms for the complex merger. The US Securities and Exchanges Commission has ruled out any importation of Sarbanes-Oxley, put in place after the various Wall Street scandals, to Europe.

Euronext seeks shield from Sarbanes-Oxley

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