Regulators reach agreement over NYSE Euronext merger

26 January 2007

US and European regulators have agreed on an arrangement on the regulation of the New York Stock Exchange (NYSE) and Euronext, which are soon to be merged.

In signing a memorandum of understanding (MOU), the US's Securities and Exchange Commission (SEC) and the College of Euronext Regulators agreed to "collaboration to promote investor protection [and] foster market integrity… in connection with the regulation of the combined group", a statement on the SEC's website said.

The regulator's chairman Christopher Cox added that the merger was a sign of a likely future trend for the world's trading platforms, demanding a new approach from market regulators.

"The combination of major US and European stock exchanges marks a notable step in the continuing globalization of the world's capital markets," he commented.

"This arrangement reflects a modern approach to oversight of globally-active institutions and underscores the intent of securities regulators on both sides of the Atlantic to work together to coordinate our supervisory efforts."

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