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Recent pronouncements by a court in the United States, as well as regulatory activity in the United Kingdom, have highlighted the issue of whether rules requiring disclosure of beneficial interests in securities of public companies should extend to economic interests in securities held through derivative contracts such as cash-settled total-return equity swaps (TRSs) and similar financial instruments
On February 9, the TMX Group Inc. and the London Stock Exchange Group plc announced a "merger of equals" combination transaction designed to create an "international exchange leader."
