British Columbia Securities Commission

British Columbia Securities Commission

May 24, 2012 16:35 ET

BCSC Publishes Proposed Recognition Orders Regarding Maple Group Application

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 24, 2012) - The British Columbia Securities Commission today published a notice requesting comment on whether it ought to grant an application by Maple Group Acquisition Corporation to amend the BCSC's recognition order relating to the TSX Venture Exchange and, if so, the conditions and undertakings that ought to accompany any amendment. The Maple Group Acquisition Corporation's proposed acquisition includes TMX Group Inc, Alpha Trading Systems Limited Partnership, Alpha Trading Systems Inc, the Canadian Depository for Securities Limited and the CDS Clearing and Depository Services Inc. (jointly known as CDS).

This publication follows an extensive BCSC review of Maple's proposal. The BCSC is particularly interested in the impact that Maple's acquisition of the TMX Group and CDS could have on the Canadian venture market. In the course of this review, the BCSC solicited public input through a written comment period.

"The BCSC has thoroughly reviewed the regulatory issues raised by Maple's proposal, and we encourage those with an interest in the proposed acquisitions to comment," said Brenda Leong, Chair of the BCSC.

To comment, please refer to the Notice and Request for Comment, which is available on the BCSC website at www.bcsc.bc.ca. The comment period is open until June 22, 2012.

The B.C. Securities Commission is the independent provincial government agency responsible for regulating trading in securities within the province.

For media inquiries, contact Richard Gilhooley, media relations, 604-899-6713. For public inquiries, call 604 899 6854 or 1 800 373 6393 (toll free).

Learn how to protect yourself and become a more informed investor at www.investright.org.

Contact Information

  • British Columbia Securities Commission
    Richard Gilhooley
    604-899-6713 or (Canada) 1-800-373-6393
    www.bcsc.bc.ca