The Ruling is a procedural act provided for by Law 12,529/2011, article 56, which allows SG- CADE to order additional investigation. In this case, SG-CADE has ordered further diligence as follows: (i) request CADE's Department of Economic Studies assessment of the efficiencies resulting from the transaction, as presented by BM&FBOVESPA and Cetip; (ii) request additional information regarding entry conditions in the analyzed markets; and (iii) request additional information regarding the corporate governance rules of the combined entity.
SG-CADE understood that, at the moment, it is not necessary to extend the deadline for the analysis of the case, maintaining the 240-day deadline stipulated by Law 12,529/2011, article 88 (2), for its completion.
Cetip will continue to cooperate with CADE in order to obtain the approval of its business combination with BM&FBOVESPA as soon as possible.
Willy Otto Jordan NetoCFO and Investor Relations Officer
CETIP SA - Balcão Organizado de Ativos e Derivativos published this content on 13 October 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 13 October 2016 22:24:02 UTC.
Original documenthttp://ir.cetip.com.br/download_arquivos.asp?id_arquivo=D2BC5D03-5195-4282-989A-1B4D819481A6
Public permalinkhttp://www.publicnow.com/view/BC0E59CE1859462C8F6E8AD7ED95BC24E66E53F8