News Centre

Standard & Poor's Announces Changes In The S&P/TSX Canadian Indices

Date 23/06/2011

Standard & Poor's Canadian Index Operations announces the following index changes:

• The shareholders of TimberWest Forest Corp. (TSX:TWF.UN) have accepted the $CDN6.16 cash per unit offer from the British Columbia Investment Management Corporation (bcIMC) and the Public Sector Pension Investment Board (PSP Investments). TimberWest will be removed from the S&P/TSX SmallCap Index after the close of Tuesday, June 28, 2011.

CalPERS Receives Award For Programs Supporting Diversity In Financial Industry

Date 23/06/2011

The California Public Employees’ Retirement System (CalPERS) has been honored for promoting diversity in the securities industry.

Standard & Poor's Announces Changes In The S&P/TSX Venture Composite Index

Date 23/06/2011

Standard & Poor's will make the following changes in the S&P/TSX Venture Composite Index after the close of trading on Thursday, June 23, 2011:

• Lion Energy Corp. (TSXVN:LEO) will be removed from the index. The company will be delisted from the TSX Venture Exchange at the request of the company.
• The Skor Food Group Inc. (TSXVN:SKF) will be removed from the index. The shares of the company have been acquired by Colabor Group Inc.

Maple Group Comments On ISS Recommendation To TMX Group Shareholders

Date 23/06/2011

Maple Group Acquisition Corporation ("Maple"), a corporation whose investors comprise 13 of Canada’s leading financial institutions and pension funds, today commented on the recommendation made by Institutional Shareholder Services Inc. (“ISS”) to its clients regarding the proposed takeover of TMX Group by London Stock Exchange Group plc (“LSE”).

CFTC Announces Members Of The Technology Advisory Subcommittee On Data Standardization - Subcommittee Will Look Into Public/Private Solutions For Creating Well-Accepted Standards For Describing, Communicating, And Storing Data On Complex Financial Products

Date 23/06/2011

The Commodity Futures Trading Commission (CFTC) has selected the members of the Subcommittee on Data Standardization, a new Subcommittee of the CFTC’s Technology Advisory Committee. The Subcommittee will report its recommendations to the full Technology Advisory Committee.

Speech By SEC Commissioner Elisse B. Walter: Opening Statement At SEC Open Meeting: (1) Rules Implementing Amendments To The Advisers Act Of 1940 (Final Rules); (2) Exemptions For Advisers To Venture Capital Funds, Private Fund Advisers With Less Than $150 Million In Assets Under Management, And Foreign Private Advisers (Final Rules)

Date 23/06/2011

I would like to thank the staff of the Division of Investment Management, and the other divisions and offices who have worked on the recommendations before us this morning. I know that your names have been mentioned already, but I wanted to make sure to echo the appreciation expressed by my colleagues. I would also like to welcome Craig Lewis, as the new Chief Economist and Director of RiskFin.

Component Changes Made To Dow Jones Summer/Winter Games Index

Date 23/06/2011

Dow Jones Indexes, a leading global index provider, today announced component changes in theDow Jones Summer/Winter Games Index.

Speech By SEC Commissioner Troy A. Paredes: Statement At Open Meeting To Adopt Final Rules Regarding Exemptions For Advisers To Venture Capital Funds, Private Fund Advisers With Less Than $150 Million In Assets Under Management, And Foreign Private Advisers And Final Rules Implementing Amendments To The Investment Advisers Act Of 1940

Date 23/06/2011

Thank you, Chairman Schapiro.

I, too, join my colleagues in thanking the staff – particularly those from the Division of Investment Management – for your dedicated efforts on these rulemakings.

SIFMA Market Close Recommendations For The US Independence Day Holiday In The US, the UK And The Japanese Markets

Date 23/06/2011

In observance of the US Independence Day holiday, SIFMA made holiday recommendations  in the US, the UK and Japan.

Speech By SEC Commissioner Troy A. Paredes: Statement At Open Meeting To Adopt A Final Rule Excluding A "Family Office" From The Definition Of "Investment Adviser"

Date 23/06/2011

Thank you, Chairman Schapiro.

By excluding a “family office” from the definition of “investment adviser,” Section 409 of the Dodd-Frank Act works to exempt “family offices” from the Investment Advisers Act. Dodd-Frank directs the Commission to define “family office” for purposes of the new family office exclusion from “investment adviser.” The recommendation before us is to do just that: to adopt a final rule to define “family office.”