TMX Group and London Stock Exchange Group Joint Statement on Canadian Regulatory Filing Process
TMX Group and London Stock Exchange Group (LSEG) have initiated the application process with Canadian federal and provincial authorities regarding their proposed merger.
Application for review under the Investment Canada Act was made today. LSEG has committed to publicly disclosing undertakings made at the conclusion of the review process. As part of the application process, TMX Group and LSEG have held discussions with provincial securities regulatory authorities. Communications regarding these applications, which will be made in the coming weeks, and their publication will be made by the various provincial securities regulators according to their individual processes. All applications will be based on the terms of the merger agreement made public on February 9, 2011.
The Ontario Select Committee has taken considerable time to review the merits of the merger and to prepare a detailed report containing a number of recommendations. This report, as well as other feedback received during the regulatory review process, will receive full consideration during the course of the approval process with the various authorities.
TMX Group and London Stock Exchange Group remain committed to ongoing dialogue with all stakeholders in the weeks ahead and look forward to working constructively with Canadian federal and provincial authorities to achieve the approvals required for the merger.
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For further information please contact:
Director, Corporate Communications
Head of Media Relations
London Stock Exchange Group plc
+44 (0)7967 044840