MONTREAL, July 4, 2012 /CNW Telbec/ - The Autorité des marchés financiers (the "AMF") is today publishing its decision recognizing, as a clearing
house, Maple Group Acquisition Corporation ("Maple"), and The Canadian
Depository for Securities Limited and CDS Clearing and Depository
Services Inc. (collectively, "CDS").
On May 3, 2012, the AMF published its other decisions related to the proposed transactions by Maple, including the decision
authorizing Maple to pursue its acquisition of CDS.
At the same time, the AMF announced that it was launching a consultation on CDS. The AMF sought further comments, in particular with respect to the
governance structure and new pricing model proposed by Maple.
The AMF took into account the comments made as part of the public
consultation and studied the various issues raised by the proposed
The conditions that the AMF has imposed on Maple and CDS adequately
address these issues. These conditions, which are complementary to the
current legislative and regulatory framework, are incorporated into the
decision published today.
The AMF is also issuing decisions to suspend and review certain
conditions set out in its other decisions issued with respect to the
proposed acquisitions by Maple, in particular to enable the
implementation of transitional measures.
The Autorité des marchés financiers is the regulatory and oversight body for Québec's financial sector.
Sylvain Théberge: 514-940-2176
Québec City: 418-525-0337