CRTC told Teachers' Capital has okay from FSCO on Bell acquisition

OTTAWA-GATINEAU – Pension fund regulators have confirmed the proposed acquisition of Bell Canada by a consortium of private equity interests, including Teachers’ Private Capital, does not contravene Ontario pension law, the CRTC revealed earlier this week as it reconvened a public hearing Tuesday on the application. CRTC chair Konrad von Finckenstein expressed surprise that the Financial Services Commission of Ontario (FSCO) stated in a March 10 document filed with the regulator that the ownership structure Teachers’ was employing to acquire BCE complied with Ontario’s Pension Benefits Act. “I must say I am astounded. The interpretation that FSCO puts on these...