Reuters: Regulatory News: Canada Competition Bureau says OSC rules may allay TMX concerns

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Canada Competition Bureau says OSC rules may allay TMX concerns May 3rd 2012, 14:54 OTTAWA | Thu May 3, 2012 10:54am EDT OTTAWA May 3 (Reuters) - Canada's Competition Bureau signaled on Thursday that its concerns over Maple Group's C$3.8 billion ($3.84 billion) takeover bid for Toronto Stock Exchange operator TMX Group may be allayed by the Ontario Securities Commission's (OSC's) draft rules for allowing the deal to go ahead. "It is possible that the OSC's recognition orders could materially change the regulatory environment such that, if enforced, our serious concerns may be substantially mitigated," bureau spokeswoman Gabrielle Tasse said after the OSC published its proposed orders, or draft rules. "We will complete our own review, and this will include seeking industry reaction to any recognition orders."

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