Securities regulators have extended the approval of CanPX Inc. as an information processor for corporate fixed income securities until the end of 2007.

CanPX’s approval was to expire at the end of this year. On July 14, the Canadian Securities Administrators published a notice offering the opportunity for other entities to apply to be an information processor. A number of applications have been received and are currently under review, the CSA notes. The CSA will make a decision by April 30, 2007 regarding whether any entity has been accepted as an information processor.

The CSA reports that, “CanPX made a request to extend its approval in order to provide more certainty for its future operations and to ensure a smooth transition to a new information processor, in case a new entity is selected to perform this role. For these reasons, CanPX’s approval will be extended until December 31, 2007.”

“This would also provide sufficient time for marketplaces, dealers and interdealer bond brokers to establish the necessary connectivity to the system of the new information processor,” it says.