1、 CRS Legal Sidebar Prepared for Members and Committees of Congress Legal SidebarLegal Sidebari i UPDATED: The Latest on the SECs Consideration of the Proposed Acquisition of Chicago Stock Exchange March 7, 2018 UPDATE: On February 15, 2018, the SEC disapproved CHXs proposed rule change. The SEC base
2、d its decision on CHXs inability to provide sufficient documentation verifying the relationships between and the sources of funds used by certain proposed upstream owners. Because of these deficiencies, the SEC explained that it was unable to find that the proposed rule change was consistent with th
3、e Exchange Acts requirements that (1) CHX enforce compliance with ownership and voting limitations in its proposed rules, and (2) the SEC be capable of exercising sufficient oversight over national securities exchanges. On March 5, CHX announced that it will no longer pursue a deal with NA Casin Hol
4、dings in light of the SECs decision. The original post from August 29, 2017, follows below. In the latest development in a transaction originating last year, on August 9, the Securities and Exchange Commission (SEC or Commission) stayed an order (i.e., temporarily prevented the order from going into
