ASC issues final orders regarding Maple Group application
CALGARY, July 11, 2012 /CNW/ - The Alberta Securities Commission (ASC) today issued its orders relevant to the proposed acquisition of TMX Group Inc. by Maple Group Acquisition Corporation. The ASC has:
- issued a Variation Order, varying the terms of existing orders that recognize Natural Gas Exchange Inc. (NGX) as an exchange and as a clearing agency under Alberta securities laws by requiring an undertaking from NGX to establish, maintain and comply with policies and procedures to identify and manage conflicts of interest and confidentiality issues that may arise as a result of the new ownership;
- issued a Variation Order that continues the exemption of TSX Inc. from recognition as an exchange under Alberta securities laws, provided that the TSX remains subject to the regulatory oversight of the Ontario Securities Commission, and provides for enhanced information access provisions; and
- issued a Recognition Order that continues the recognition of TSX Venture Exchange Inc. (TSXV) as an exchange under Alberta securities laws, to be subject to the joint regulatory oversight of the ASC and the British Columbia Securities Commission (BCSC).
Terms of the TSXV Recognition Order issued by the ASC are substantially the same as those contained in the order of the BCSC recognizing the TSXV under British Columbia securities laws.
Copies of the Variation Orders and Recognition Order are available on the ASC website at www.albertasecurities.com.
The ASC is the regulatory agency responsible for administering the province's securities laws. It is entrusted to foster a fair and efficient capital market in Alberta and to protect investors. As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital markets.
For Media Inquiries:
Mark Dickey
Senior Communications Advisor
403.297.4481
For Investor Inquiries:
ASC Public Inquiries
Toll Free 1.877.355.4488
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