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TMX Group, owner and operator of CDS, Canada's equities and fixed income clearing house, is engaged with the Canadian Securities Administrators (CSA), an umbrella organization of Canada's provincial and territorial securities regulators, regarding the clearing of securities of issuers with marijuana-related activities in the U.S. This is a complex matter which touches multiple aspects across our capital market system, and as such requires close examination and careful consideration.
We are working with regulators to arrive at a solution that will clarify this matter for issuers, investors, participants and the public. We will communicate more on this as soon as we can. In the meantime, we want to clarify to the marketplace that there is no CDS ban on the clearing of securities of issuers with marijuana-related activities in the U.S., despite media reports.
