Proposed Acquisition of TMX Group by Maple Group Acquisition Corporation - AMF issues certain decisions and launches consultation on CDS
MONTREAL, May 3, 2012 /CNW Telbec/ - The Autorité des marchés financiers (the "AMF") is today publishing certain decisions related to the transaction proposed by Maple Group Acquisition Corporation ("Maple") to acquire TMX Group Inc. ("TMX Group").
On March 15, 2012, the AMF announced its intention to approve Maple's acquisition of TMX Group, based on information available to date.
The AMF took into account the comments made as part of the public consultation held in the fall of 2011 and studied the various issues raised by the proposed transaction, notably with respect to corporate governance, market access, fees, the framework for Maple's proposed operations and the continuity of derivatives operations in Québec.
The conditions that the AMF intends to impose on Maple and its subsidiaries adequately address these issues. These conditions, which are complementary to the current legislative and regulatory framework, are incorporated into the decisions that the AMF is issuing today and presented in detail in a Notice of Decisions and Public Consultation GBCposted on its website.
Consultation on CDS
The AMF is therefore launching a consultation on CDS and is seeking comments, in particular with respect to the corporate governance and new pricing model proposed by Maple. Persons interested in submitting their observations are asked to follow the process for written observations set out in the Notice and do so no later than June 4, 2012.
The Autorité des marchés financiers (the "AMF") is the regulatory and oversight body for Québec's financial sector.