Maple Application Filed and AMF Public Consultations Launched
(firmenpresse) - MONTREAL, QUEBEC -- (Marketwire) -- 10/07/11 -- The Autorite des marches financiers ("AMF") today launched public consultations pertaining to the application filed by the Maple Group Acquisition Corporation ("Maple") to acquire 100% of the outstanding common shares issued by TMX Group Inc.("TMX Group").
In its application filed with the AMF, Maple has also proposed that, concurrently or following the acquisition of TMX Group, it will acquire Alpha Trading Systems Limited Partnership and Alpha Trading Systems Inc. as well as The Canadian Depository for Securities Limited and, indirectly, CDS Clearing and Depository Services Inc. (collectively "CDS").
With this application, Maple is seeking AMF approval with respect to various aspects related to the proposed transactions.
The possible impacts resulting from these transactions are significant, particularly with respect to the increased level of concentration of companies engaged in the trading business as well as in derivatives clearing or settlement activities and securities clearing, settlement or depository activities in the Canadian financial industry.
The AMF is seeking comments on all aspects of the proposed transactions and on specific issues. The specific issues are outlined in the public consultation notice posted on the AMF website under
As part of analysis of the application, the AMF must, in particular, ensure that Maple, TMX Group, Montreal Exchange Inc. ("MX"), the Canadian Derivatives Clearing Corporation ("CDCC") and CDS comply with legislation and with the recognition criteria applicable to them respectively. In addition, the AMF may impose conditions in its decisions which it deems advisable to enable it to adequately oversee the Quebec financial markets.
In connection with the proposed transactions, the AMF will examine the application in light of the following principles in particular:
The AMF invites interested parties to submit their observations in writing with respect to the proposed transactions in accordance with the terms given in the consultation notice, no later than November 7, 2011. Persons who submitted observations may also, if they wish and depending on availability, present their observations orally at the public hearings on the proposed transactions. These public hearings have not been scheduled yet, but they are expected to take place in late November 2011. A notice will subsequently be published by the AMF giving the dates and details of the hearings.
Maple is a corporation created by investors which include major brokerage firms affiliated with financial institutions and pension funds in Canada.
The Autorite des marches financiers ("AMF") is the regulatory and oversight body for Quebec's financial industry.
Contacts:
Media only:
Sylvain Theberge
514-940-2176
Information Centre:
Quebec City: 418-525-0337
Montreal: 514-395-0337
Toll-free: 1-877-525-0337
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Datum: 07.10.2011 - 13:40 Uhr
Sprache: Deutsch
News-ID 1043811
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