The Globe and Mail reports in its Tuesday edition that unexpected regulatory issues have crimped plans for senior leaders of Canaccord Genuity Group to take the bank private, raising concerns the $1.13-billion deal will not close. The Globe's Jameson Berkow writes that Canaccord said Monday that approvals required for the $11.25 per share all-cash bid to proceed likely would not be received before the bid expires on June 13. Approvals might not even come before the management group's financing commitments -- $825-million from New York-based HPS Investment Partners -- expire on Aug. 9, the company said. The bidding group added, "There can be no assurance" that the deal will be completed because of the delay. If the deal is completed, the management group said, new terms and conditions may be required. The Globe says the development represents a surprising setback for a deal that was believed to have reached its end game nearly two months ago. The regulatory matter that has slowed approvals for the deal is related to Canaccord's capital markets business, the company said. Canaccord said it has made "significant enhancements to its compliance functions and significant investments in additional staff and technology."