TMX Group Inc. CEO Thomas Kloet will begin purchasing common shares of TMX Group to achieve the company’s equity ownership requirements, the corporation reported Monday.

Kloet intends to begin purchases in the current trading window and may make purchases in subsequent windows to achieve the requirement, TMX Group said.

Kloet is required to achieve a level of equity ownership equal to three times his base salary over a three-year period.

TMX Group is the operator of the Toronto Stock Exchange, TSX Venture Exchange, and Montreal Exchange.

IE