Decision on Chinese buyout of Chicago exchange delayed
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Washington
THE US Securities and Exchange Commission has dodged a political hot potato - for now - by delaying a decision on whether to approve a Chinese-led group's controversial takeover of the Chicago Stock Exchange.
Facing a Wednesday deadline, the SEC, led by chairman Jay Clayton, said its commissioners will review the proposed buyout, potentially setting up a vote at an unknown date on whether it should go through. The surprise announcement effectively overrode a recommendation from the regulator's staff to give the deal the green light.
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