Latest news with #regulatoryapproval
Globe and Mail
12-06-2025
- Business
- Globe and Mail
Methanex Corporation Receives Regulatory Approval for the Acquisition of OCI Global's Methanol Business
VANCOUVER, British Columbia, June 12, 2025 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (Nasdaq:MEOH) announced today that the regulatory review period under the U.S. Hart-Scott-Rodino Antitrust Act has lapsed. Accordingly, all regulatory approvals required for Methanex to close its previously announced acquisition of OCI Global's international methanol business have been obtained. The transaction is expected to close on June 27, 2025, and remains subject to the satisfaction of customary closing conditions. "We are pleased to have received regulatory clearance and look forward to closing the transaction and welcoming new team members to Methanex." said Rich Sumner, President and CEO of Methanex. "Given our extensive integration planning, we expect to move quickly upon closing to deliver the strategic benefits of this acquisition." Methanex is a Vancouver-based, publicly traded company and is the world's largest producer and supplier of methanol globally. Methanex shares are listed for trading on the Toronto Stock Exchange in Canada under the trading symbol 'MX' and on the Nasdaq Stock Market in the United States under the trading symbol 'MEOH'. Methanex can be visited online at Inquiries Sarah Herriott Director, Investor Relations Methanex Corporation 604-661-2600 or Toll Free: 1-800-661-8851 Forward Looking Statements This First Quarter 2025 Management's Discussion and Analysis ("MD&A") as well as comments made during the First Quarter 2025 investor conference call contain forward-looking statements with respect to us and our industry. These statements relate to future events or our future performance. All statements other than statements of historical fact are forward-looking statements. Statements that include the word "expects," or other comparable terminology and similar statements of a future or forward-looking nature identify forward-looking statements. More particularly and without limitation, any statements regarding the following are forward-looking statements: anticipated closing date of the OCI acquisition and the expected benefits of the OCI acquisition, including benefits related to expected synergies and commodity diversification, anticipated synergies and Methanex's ability to achieve such synergies following closing of the OCI acquisition, and expected increase in methanol production of assets to be acquired as part of the OCI acquisition. We believe that we have a reasonable basis for making such forward-looking statements. The forward-looking statements in this document are based on our experience, our perception of trends, current conditions and expected future developments as well as other factors. Certain material factors or assumptions were applied in drawing the conclusions or making the forecasts or projections that are included in these forward-looking statements, including, without limitation, future expectations and assumptions concerning the following: future expectations and assumptions concerning the receipt of all regulatory approvals required to complete the OCI acquisition, and Methanex's ability to realize the expected strategic, financial and other benefits of the OCI acquisition in the timeframe anticipated or at all. However, forward-looking statements, by their nature, involve risks and uncertainties that could cause actual results to differ materially from those contemplated by the forward-looking statements. The risks and uncertainties primarily include those attendant with producing and marketing methanol and successfully carrying out major capital expenditure projects in various jurisdictions, including, without limitation: failure to complete the OCI acquisition in accordance with the material terms of the OCI acquisition agreement or at all, failure to close the OCI acquisition credit facility, unforeseen difficulties in integrating the business operations or assets purchased pursuant to the OCI acquisition into our business and operations, failure to realize the expected strategic, financial and other benefits of the OCI acquisition in the timeframe anticipated or at all, and unexpected costs or liabilities associated with the OCI acquisition. Having in mind these and other factors, investors and other readers are cautioned not to place undue reliance on forward-looking statements. They are not a substitute for the exercise of one's own due diligence and judgment. The outcomes implied by forward-looking statements may not occur and we do not undertake to update forward-looking statements except as required by applicable securities laws.
Yahoo
12-06-2025
- Business
- Yahoo
Inter Scientific Supports Jupiter Research in Achieving EU Certification for First Handheld Liquid Inhalation Device
LIVERPOOL, United Kingdom, June 12, 2025 (GLOBE NEWSWIRE) -- Inter Scientific is pleased to announce its role, in collaboration with Jupiter Research LLC, as the regulatory partner for the first handheld Liquid Inhalation Device to receive regulatory approval under Regulation (EU) 2017/745 (EU MDR). This regulatory milestone marks a significant step forward in the medical device landscape and opens the door for wider global access to innovative inhalation technologies. Jupiter Research, a pioneering company in the liquid vaporizer space, identified early in its development journey the importance of an expert regulatory partner. After an initial review process, Jupiter selected Inter Scientific based on its ability to meet the demands and complexity of the EU MDR. This decision proved instrumental in Jupiter's successful regulatory approval. 'Jupiter recognised very early in the process that external support would be beneficial,' stated Jupiter's Senior Director of Engineering, Jordan Walker. 'We chose Inter Scientific based on their expertise and felt they were efficient and professional throughout the contract, helping us achieve our goals and gain regulatory approval.' Walker continued, 'Inter Scientific provided expertise in the creation of the device's comprehensive Technical File, development of the required Quality Management System documentation, and delivery of tailored educational services to Jupiter's internal teams. This approach enabled a streamlined path to regulatory compliance.' David Lawson, Executive Director at Inter Scientific, commented:'At every stage of this rigorous certification process, Inter Scientific maintained a customer-focused approach, working closely with the Jupiter team and delivering timely, professional, and accurate support. We're proud to be recognised as a key contributor to this success and look forward to building on this achievement through continued collaboration on future regulatory initiatives.' Inter Scientific's in-depth understanding of the regulatory framework helped Jupiter design the device in line with medical classification requirements, prepare the necessary documentation, and respond effectively to regulatory feedback, which resulted in the successful approval of a first of its kind device now poised to make its mark in global healthcare. About Inter ScientificInter Scientific is an independent, accredited contract research organisation (CRO) providing regulatory science, product testing, and compliance services across highly regulated industries. With over a decade of experience, we support clients in the medical device, pharmaceutical, nicotine product, cosmetic, and novel food sectors. Inter Scientific operates to the highest quality standards, holding ISO/IEC 17025 accreditation and operating in accordance with Good Laboratory Practice (GLP) and Good Manufacturing Practice (GMP). Our expert team delivers scientifically robust, regulatory-ready data and strategic guidance to help clients navigate complex global regulations and bring compliant products to market with confidence. Inter Scientific Media Contact Razieh Alipour Digital Marketing Content in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CTV News
30-05-2025
- Business
- CTV News
Ottawa tabling bill to skirt impact assessment law for ‘national interest' projects
Prime Minister Mark Carney arrives to Parliament Hill in Ottawa on Wednesday, May 28, 2025. THE CANADIAN PRESS/Sean Kilpatrick OTTAWA — The federal government is developing a 'national interest' bill to fast-track nation-building projects with a streamlined regulatory approval process as a substitute for reviews under the Impact Assessment Act. A briefing document obtained by The Canadian Press indicates the legislation would lay out the criteria to decide if a project is in the national interest. Once that's decided, a single federal minister would be named to oversee a review process laying out how the project can be built. The document, dated May 23, was prepared for consultations between the Privy Council Office, or PCO, and provinces, territories, and Indigenous partners on the government's major projects strategy. PCO officials met with those partners as recently as Wednesday night to go over the proposal. It's expected to be a topic of conversation at the upcoming first ministers meeting in Saskatoon on June 2. Prime Minister Mark Carney campaigned on a promise to push big projects forward swiftly as Canada seeks to decouple its economy from an increasingly unpredictable and unreliable United States and turn itself into an energy superpower. He announced the plan after meeting with Canada's premiers two days before the election was called before making it the keystone of his election platform. 'We are going to build, baby, build,' Carney said in his victory speech after Canadians elected his Liberal party to a fourth consecutive mandate on April 28. The document, identified as a 'background' paper on 'National Interest Legislation,' says U.S. tariffs and 'other trade-distorting policies have put Canada's economic future at risk.' It then outlines the steps the government is planning to hasten the approval process for a 'small number' of major projects. Part of the plan involves drafting criteria to decide whether a project is in the national interest. Those criteria could include 'whether a project will make an exceptional contribution to Canada's prosperity, advances economic security, defence security and national autonomy through improved movement of goods, services and people,' the document says. 'Projects should strengthen access of Canadian resource, goods and services to a diverse group of reliable trade partners,' it says. Projects would also be assessed against Indigenous and provincial and territorial interests and on their 'clean growth potential,' according to the document. 'Once a project is determined to be in the national interest, federal reviews will shift from 'whether' to build these projects to 'how' to best advance them,' the document reads. 'It will streamline multiple decision points for federal approval and minimize the risk of not securing project approval following extensive project work.' The aim, according to the document, is to build more flexibility into the regulatory process and allow the government to decide that all federal regulatory requirements have been satisfied through a regulatory order. A designated minister would also have the power to impose conditions on those projects. 'The order would effectively substitute the determination for 'downstream' decisions about whether the project can proceed, including decisions under the Impact Assessment Act,' the document says. That would effectively circumvent C-69, the Impact Assessment Act. Conservative critics have claimed it has prevented projects from being built. The document says the intent is to 'send a clear signal early that will build investor confidence' and get projects built faster. The proposed legislation would not cover decisions made by arm's length authorities or regulators, federal-provincial entities or treaty-based processes in the North, the document says. It also commits to upholding Canada's obligations under the United Nations Declaration on the Rights of Indigenous Peoples. The document also indicates the government may have further plans for speeding up major projects — it refers to 'broader reform' required to get all projects down to a two-year decision timeline. This report by The Canadian Press was first published May 29, 2025 Nick Murray, The Canadian Press
Zawya
28-05-2025
- Business
- Zawya
XBTO receives Full 3A licence approval from ADGM
Abu Dhabi, UAE – XBTO, a 10-year global leader in institutional digital asset management, is proud to announce that it has received full approval for its Financial Services Permission (FSP) under the 3A licence category from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) in the UAE. The approval authorises XBTO to provide a range of financial services in and from ADGM, including custody, dealing in investments as matched principal, advising on investments, and arranging deals in investments. This marks a significant milestone in the company's expansion strategy across the MENA region and beyond. 'The UAE is a leading market in digital assets, and the 3A licence enables us to be a part of a positive digital movement in the region. This licence also serves to reinforce our long-term commitment to institutional integrity, regulatory transparency, and financial innovation in the UAE,' said Philippe Bekhazi, CEO and Founder of XBTO Group. 'ADGM has built one of the most respected regulatory frameworks in the digital asset space globally, and we are honoured to be recognised under its jurisdiction.' The licence enables XBTO to operate as a regulated counterparty to institutional investors, including sovereign wealth funds, family offices, and regional financial institutions. It also allows the company to actively market its services across the UAE, bolstering its ability to engage directly with local stakeholders and deepen its presence in the region. 'This approval gives XBTO the strategic footing to engage more actively with regional partners and demonstrates our alignment with the UAE's vision of becoming a global hub for digital finance,' said Karl Naim, Chief Commercial Officer and General Manager for UAE at XBTO. 'ADGM has created a forward-thinking environment that balances innovation with robust oversight - a model we are proud to be part of.' The licence approval complements XBTO's existing regulatory footprint in Bermuda and is part of its broader global expansion strategy, with the next regulatory milestone being its anticipated entry into the UK market. XBTO's regulatory approval has been welcomed by key stakeholders within Abu Dhabi's thriving digital asset ecosystem. The company has been an active participant in Hub71's specialized digital assets cohort and has collaborated with the technology hub on educational initiatives focused on advancing digital asset knowledge and best practices across the region. Peter Abou Hachem, Head of Growth and Strategy, Hub71, said, "We're proud to see XBTO, a global leader in digital assets, secure their 3A license and scale from Hub71 to serve the world. Their move to Abu Dhabi reflects a clear shift toward the Middle East - one of the fastest-growing and most liquid markets globally. XBTO's focus on regulatory excellence and innovation embodies the caliber of founders we back. As more startups choose our ecosystem to launch and grow, we remain committed to helping them scale with speed and impact." XBTO is exploring plans to celebrate this milestone with a media event in Abu Dhabi, underlining its commitment to fostering long-term partnerships within the UAE and the wider region. About XBTO From asset management to capital markets, XBTO helps clients capture opportunities in the age of digital assets. Founded in 2015 as a proprietary trading firm, XBTO built its foundation through nearly a decade of active participation in digital asset markets. Since 2023, XBTO has expanded into a full-service crypto quantitative investment firm. With a strong focus on Bitcoin, XBTO delivers risk-adjusted strategies across the alpha–beta continuum designed to perform across market cycles and regulatory environments. With decades of experience earned at the world's leading financial institutions and deep expertise in digital markets, XBTO brings a rare combination of financial discipline and digital-native insight. XBTO operates under robust regulatory oversight, with operating entities regulated by the Bermuda Monetary Authority and the Financial Services Regulatory Authority in Abu Dhabi. It operates from key financial hubs including Bermuda, New York, Miami, London, Paris, and Abu Dhabi.
Zawya
08-05-2025
- Business
- Zawya
Hidden Road's Abu Dhabi Entity secures in-principle approval from ADGM
ABU DHABI, UAE /PRNewswire/ -- Hidden Road today announced that its ADGM entity, Hidden Road Partners CIV (AD) Limited, has received In-Principle Approval (IPA) from the Financial Services Regulatory Authority (FSRA) of ADGM to operate as a regulated financial services firm. Pending final regulatory approval, Hidden Road will be authorized to offer clearing and prime brokerage services across its global suite of traditional and digital asset products to institutional investors in the UAE. "Receiving our IPA from ADGM marks a significant milestone for our business," said James Stickland, UAE CEO, Hidden Road. "ADGM's high regulatory standards make it a key market for institutional growth." The IPA underscores the firm's ongoing commitment to global compliance and transparency across traditional and digital asset markets. This milestone builds upon Hidden Road's growing network of regulatory approvals, certifications and licenses: Hidden Road Partners CIV NL B.V. is licensed as a MiFID investment firm and as a Crypto-Asset Service Provider ("CASP") by the Netherlands Authority for the Financial Markets (AFM); Hidden Road Partners CIV UK Limited is authorized as an AMLD5 and MiFID investment firm by the UK Financial Conduct Authority; and Hidden Road Partners CIV US LLC is a Commodity Futures Trading Commission (CFTC)-registered Futures Commission Merchant (FCM), a Financial Industry Regulatory Authority (FINRA)-member broker-dealer, and a member of the National Futures Association (NFA) and Fixed Income Clearing Corporation (FICC). "Our goal from day one has been to equip clients with seamless access both to traditional and digital markets," said Noel Kimmel, President at Hidden Road. "We continue to actively pursue regulatory approvals around the world to deliver on that commitment, recognizing the confidence and transparency that follows when operating under clear regulatory frameworks." Arvind Ramamurthy, Chief of Market Development at ADGM, said, "ADGM congratulates Hidden Road on receiving its IPA from the FSRA to operate as a regulated financial services firm. The expansion of their services within the international financial centre is a testament to the immense opportunities available within Abu Dhabi. We look forward to Hidden Road receiving their Financial Services Permission (FSP) and their contribution to ADGM's dynamic ecosystem." Hidden Road's IPA from ADGM's FSRA follows its recent definitive agreement on April 8, 2025, to be acquired by Ripple, a leading provider of digital asset infrastructure for financial institutions, for $1.25 billion. With the backing of Ripple's significant balance sheet, Hidden Road will exponentially expand its capacity to service its pipeline and become one of the largest non-bank prime brokers globally. The deal is expected to close in the coming months, subject to regulatory approvals. About Hidden Road Hidden Road Partners is the global credit network for institutions, enabling seamless access to traditional and digital markets. Conflict-free and built on a modern technology stack, we remove complexity and cost in prime brokerage, clearing and financing.
