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and possibly a loss of work in London offices of Canadian firms as redundan- cies are eliminated. And, he cautions, it can't just be a merger of business. "It's a merger of process. There's a govern- ment element," he says. "Just because the exchanges become the same, it doesn't mean the regulatory rules are the same." Dirom isn't so sure. "We understand that the actual regulatory model doesn't change in Canada," he says. "Without that, it's a non-starter. The regulatory system in Canada is for those listed in Canada." He adds that for companies wanting to explore internationally, the merger likely won't restrict access to capital for projects. Changes on how How the joint company would split its operations ALBERTA LEGAL TELEPHONE DIRECTORY 2011-2012 A COMPLETE, ACCURATE AND CURRENT LISTING OF ALBERTA INFORMATION Also, gain quick and easy access to Courts, Judges and Court Officials, Law Related Services/Organizations, Federal and Provincial Government Departments, Boards and Commissions. With: • alphabetical and geographical listings of Lawyers • alphabetical and geographical listings of Law Firms • alphabetical listings of Judges Spiralbound • August 2011 On subscription $38.50 L88804-529-26056 One time purchase $38.50 L88804-529 Prices subject to change without notice, to applicable taxes and shipping & handling. The durable spiralbound format saves you on every day wear and tear! Multiple copy discounts available: • 1 - 5 copies ..................... $38.50 • 6 - 49 copies ................... $37.50 • 5 - 99 copies .................. $36.50 • 100 or more copies ........$35.50 Visit canadalawbook.ca or call 1.800.387.5164 for a 30-day no-risk evaluation minium 10.99 per cent, diversified metals and mining 59.75 per cent, gold 17.77 per cent, precious metals and minerals 2.40 per cent, and coal and consumable fuels 9.09 per cent. However, there are criteria companies must meet for inclusion on the exchange. They must have been listed for at least 12 months on TSX, NYSE or NASDAQ; be included under one of the Global Industry Classification System codes five, 39, 11, and 16; covered by the breakdown above; have a minimum float market cap of US$300 million based on three-day volume-weighted average price; maintain an average daily dol- lar value traded of at least US$1 million for the two months preceding a security's con- sideration as a candidate for inclusion; have a liquidity ratio (dollar value traded/average float market cap over past 12 months) of at least 30 per cent; and have no more than 25 non-trading days over the past 12 months. Part of the merger recognizes existing A CANADA LAW BOOK® centres of excellence within the group and reinforces those strengths by assigning glo- bal responsibility across its geographic foot- print, with global leadership in Toronto for primary markets (listings and other issuer services across the group); Montreal for derivatives; and Calgary for energy. London, England will continue as a key centre for international listings with global responsibil- ity for technology solutions, information services, and post-trade services. Milan, Italy will be the centre for fixed income and equities trading, and European post-trade. All will remain centres of excellence in the development of technology for the group and for the expanding external technology services business. — JH 36 • JUNE 2011 Alberta 1/2 page island.indd 1 INHOUSE 5/2/11 12:14:04 PM ccording to the S&P/TSX sub-in- dustry breakdown, the exchange would be divided as follows: alu-