The Ontario Securities Commission says that a memorandum of understanding it signed with the Autorité des marchés financiers concerning oversight of the TMX Group Inc. will take effect on April 1.

The OSC and AMF crafted an MOU regarding co-ordination and information sharing relating to TMX Group, TSX Inc. and Bourse de Montréal Inc., which was necessary following the Bourse’s acquisition by the TMX last year. The OSC has recognized the TSX as an exchange, and is its lead regulator. The AMF has authorized the Bourse as an exchange and recognized it as a self-regulatory organization and is its lead regulator.

“Both regulators recognize that this letter has the sole purpose of acknowledging the common intent to cooperate and to assist each other in a timely and co-ordinated response between the OSC and the AMF with regard to an application to own more than 10% of TMX Group and to share information,” it says.

The MOU was originally published back on October 17, and approved by Ontario’s finance minister last December. It is being republished today to reflect the fact that it comes into force on April 1, no other changes have been made.

IE