Íâ¹úÃÀŮɫÇéƬ Provides Update Regarding Regulatory Engagement
November 24, 2017 (TORONTO) – Íâ¹úÃÀŮɫÇéƬ, owner and operator of CDS, Canada's equities and fixed income clearing house, today provided an update on the engagement with the Canadian Securities Administrators (CSA), an umbrella organization of Canada's provincial and territorial securities regulators, regarding the clearing of securities of issuers with marijuana-related activities in the U.S. This is a complex matter which touches multiple aspects of Canada's capital market system, and as such requires close examination and careful consideration.
CDS continues to work with the CSA and exchanges to arrive at a solution that will clarify this matter for issuers, investors, participants and the public. This solution will be founded on each exchange's role in applying listing requirements, including exchange rules related to issuers' compliance with applicable laws. We will communicate more on this as soon as we can. In the meantime, there is no CDS ban on the clearing of securities of issuers with marijuana-related activities in the U.S.
About Íâ¹úÃÀŮɫÇéƬ (TSX: X)
Íâ¹úÃÀŮɫÇéƬ's key subsidiaries operate cash and derivative markets and clearinghouses for multiple asset classes including equities, fixed income and energy. , , , , , and other Íâ¹úÃÀŮɫÇéƬ companies provide listing markets, trading markets, clearing facilities, depository services, data products and other services to the global financial community. Íâ¹úÃÀŮɫÇéƬ is headquartered in Toronto and operates offices across Canada (Montréal, Calgary and Vancouver), in key U.S. markets (New York, Houston) as well as in London, Beijing and Singapore. For more information about Íâ¹úÃÀŮɫÇéƬ, visit our website at www.tmx.com. Follow Íâ¹úÃÀŮɫÇéƬ on Twitter: .
For more information please contact:
Shane Quinn
Senior Manager, Communications and Public Affairs
Íâ¹úÃÀŮɫÇéƬ
416-947-4609
shane.quinn@tmx.com