Exchanges seek Sarbanes-Oxley break clause

Euronext and the New York Stock Exchange are reportedly looking to add a clause to their merger agreement that would void the deal if any attempt is made to apply Sarbanes-Oxley rules in Europe.

The clause would allay fears that US regulators might try to impose Sarbanes-Oxley rules on the European arm of a combined group, French financial daily L'Agefi reported, citing an unidentified financial market source.

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