FAIR Canada submitted a comment letter in response to consultation papers issued by securities regulators in Ontario, Alberta, B.C. and Québec regarding the proposed transaction between TMX Group and the London Stock Exchange Group.
FAIR Canada cited concerns associated with the proposed transaction, particularly existing TSX conflicts of interest, and suggested issues that needed to be addressed if the proposed transaction were to be approved.
Subsequent to the filing of FAIR Canada’s comments, the TMX announced that the merger agreement had been terminated due to a lack of shareholder support. The issue of TSX conflicts of interest in its listing regulation needs to be addressed by regulators in the context of the Maple bid.
Click here for FAIR Canada’s submission on the proposed transaction.
