Euronext Chief Says No To SOX

Law360, New York (August 30, 2006, 12:00 AM EDT) -- European exchange Euronext will never be regulated by the Sarbanes-Oxley Act, despite its impending merger with the New York Stock Exchange Group Inc., said Euronext NV chief Jean-Francois Theodore.

In a conference call on Wednesday, Theodore told shareholders that Euronext would create a trust to ensure that the merger of the two exchanges would not result in U.S. regulations being applied to the European exchange.

Theodore said that Euronext will ask shareholders to vote in December on the proposed merger.

In announcing the proposed merger with...
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