In response to recent news reports, said an investigation launched by Brazil's antitrustregulator Cade into the securities exchange's alleged "are nota material fact" per any impact on the organization as defined by thenational securities commission, the CVM.
According to BM&FBovespa, the investigation was triggeredby a complaint filed by ATS Brasil and Americas Clearing System, or ACS, and atthis point the investigation is merely transitioning from the preparationprocess into an administrative inquiry, which "does not alter thepreliminary nature of Cade's ongoing investigation regarding the allegationssubmitted to it," the company said in a Sept. 28 filing.
In addition, BM&FBovespa said it "does not deemthis event capable of influencing material decisions to invest in its stock orin instruments linked to it."
In the documents delivered to Cade, ATS said in May 2013 ithad asked BM&FBovespa for a proposal to provide clearing services, but thelatter reportedly said that was in the middle of an integration process andcouldn't provide this service to ATS until a deal was completed, which wasplanned for 2015.
BM&FBovesp also stated that the investigation is notrelated to Cade's ongoing review into its merger with Cetip SA – Mercados Organizados.