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ARTICLE · 21 DECEMBER 2009

TSX Proposes Amendments To Investment Fund Acquisition Rules

Gowling WLG
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On November 13, 2009 the Toronto Stock Exchange (the "TSX") published for comment proposed amendments to Part VI of the TSX Company Manual (the "Manual") relating to certain requirements and exemptions for acquisition of investment funds (the "Amendments").

CanadaFinance and Banking

On November 13, 2009 the Toronto Stock Exchange (the "TSX") published for comment proposed amendments to Part VI of the TSX Company Manual (tmx.complinet.com/en/display/display_main.html?rbid=2072&element_id=737) (the "Manual") relating to certain requirements and exemptions for acquisition of investment funds (the "Amendments"). The comment period ends on December 14, 2009. The Amendments are subject to approval by the Ontario Securities Commission.

Background

Earlier this year the TSX introduced amendments to Part VI of the Manual relating to security holder approval when securities are issued as payment for the acquisition of public companies (the "Public Company Amendments"). The Public Company Amendments came into force on November 24, 2009 and are discussed in a recent edition of MarketCaps@ Gowlings (www.gowlings.com/resources/enewsletters/MarketCaps/Htmfiles/V5N20_20090928.en.html).

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