Regulators have given their approval to Scotiabank’s acquisition of Charles Schwab Canada.

The Ontario District Council of the IDA notes that it has approved the acquisition of Schwab Canada Holdings Co., the parent company of Charles Schwab Canada Co., by the Bank of Nova Scotia, effective February 27.

Similarly, the Saskatchewan Securities Commission has published a letter from late February which reveals that the regulators received a letter, dated February 21, providing notice that Scotia was negotiating to acquire all of the issued and outstanding shares of Schwab Canada. It also approved the deal, based on the assumption that the transaction, when completed, would be as described.