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Proposed Recognition Orders for Maple Group Acquisition Corporation et al and CDS et al.
Letter Summary:
The CAC agrees that the proposed transaction will affect a profound change on the Canadian financial infrastructure. Securities regulators will need to ensure that this new near-monopolistic entity complies with both the letter and spirit of regulations designed o protect public interest. While the CAC commends all the proposed enhancements to oversight, there needs to be
Overview of the Council’s Comments:
The CSA believes that the Proposed Recognition Orders have substantially addressed most of the concerns we highlighted in our letter of November 7, 2011.