TORONTO, May 3, 2012 /CNW/ - The Ontario Securities Commission today published for comment proposed orders that would recognize Maple Group Acquisition Corporation, TMX Group Inc., and TSX Inc. as exchanges, and also recognize Canadian Depository for Securities Ltd. and CDS Clearing and Depository Services Inc. (collectively, CDS) as clearing agencies. Both orders are subject to proposed terms and conditions.
This publication follows an extensive OSC review of Maple's proposal to acquire TMX Group Inc., together with Alpha Trading Systems Limited Partnership, Alpha Trading Systems Inc., and CDS, focusing particularly on the impact of the proposal on the public interest. In the course of this review, the OSC solicited public input through a written comment period and in-person policy hearings.
"The Commission has thoroughly reviewed the regulatory issues raised by Maple's proposal and developed measures necessary to ensure that the public interest is protected," said Howard Wetston, Q.C., Chair and CEO of the OSC. "Public consultation has been a fundamental part of our review process and we will carefully consider the further input we receive on these orders when making our final determination."
The OSC is requesting comment on the proposed recognition orders, the terms and conditions proposed and the enhanced oversight program. To comment, please refer to the Notice and Request for Comment, which is available on the OSC website at www.osc.gov.on.ca. The comment period is open until June 4, 2012.
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