VICTORIA, British Columbia, Feb 15 (Reuters) - British Columbia signalled on Tuesday it might support the proposed takeover of Canada's TMX Group by the London Stock Exchange, but said it still needs to be studied.
'It certainly has the appearance of being a big opporutnity for Canada, and a recognition that Canada is a global player when it comes to our financial institutions,' Finance Minister Colin Hansen said.
Hansen's comments contrast with the comments of officials in Ontario and Quebec, who like British Columbia are expected to have a regulatory role in approving the deal, which will also be reviewed by the federal government.
Hansen said he did not see a need for the province to hold public hearings on the deal, saying that would up to the federal government.
Hansen said the deal, announced last week, could also point for the need for Canada to adopt a national securities regulator, and do away with the current system of having the provinces regulate securities markets independently.
British Columbia has said it opposes the federal government's current plan to creation a national securities regulator, but said that it agrees with the general idea of natiional securities regulation.
(Reporting by Allan Dowd; Editing by Frank McGurty) Keywords: TMX LSE/BRITISH COLUMBIA (allan.dowd@thomsonreuters.com; 1+604 664 7314; Messaging: allan.dowd.reuters.com@reuters.com) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
'It certainly has the appearance of being a big opporutnity for Canada, and a recognition that Canada is a global player when it comes to our financial institutions,' Finance Minister Colin Hansen said.
Hansen's comments contrast with the comments of officials in Ontario and Quebec, who like British Columbia are expected to have a regulatory role in approving the deal, which will also be reviewed by the federal government.
Hansen said he did not see a need for the province to hold public hearings on the deal, saying that would up to the federal government.
Hansen said the deal, announced last week, could also point for the need for Canada to adopt a national securities regulator, and do away with the current system of having the provinces regulate securities markets independently.
British Columbia has said it opposes the federal government's current plan to creation a national securities regulator, but said that it agrees with the general idea of natiional securities regulation.
(Reporting by Allan Dowd; Editing by Frank McGurty) Keywords: TMX LSE/BRITISH COLUMBIA (allan.dowd@thomsonreuters.com; 1+604 664 7314; Messaging: allan.dowd.reuters.com@reuters.com) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.