Securities Law & Instruments

NOTICE OF MINISTERIAL APPROVAL OF AMENDMENTS TO

NATIONAL INSTRUMENT 21-101 MARKETPLACE OPERATION AND

NATIONAL INSTRUMENT 23-101 TRADING RULES

On January 12, 2010, the Minister of Finance approved amendments (Amendments) to National Instrument 21-101 Marketplace Operation and National Instrument 23-101 Trading Rules (together the "Marketplace Rules"). The Commission has also adopted amendments to Companion Policy 21-101CP and Companion Policy 23-101CP (the "Companion Policies").

The amendments to the Marketplace Rules and the Companion Policies not related to the Order Protection Rule{1}, including the prohibition on locked and crossed markets and the update of systems requirements applicable to marketplaces, previously published in the Bulletin on December 18, 2009, will come into force in Ontario on January 28, 2010. The amendments to the Marketplace Rules and the Companion Policies related to the Order Protection Rule will come into force on February 1, 2011. A CSA staff notice that outlines expected milestone dates regarding the implementation of the Order Protection Rule will be published shortly. The Amendments are published in Chapter 5 of the Bulletin. As well, an unofficial consolidated version of the Marketplace Rules and Companion Policies may be found online at www.osc.gov.on.ca.

 

 

 

 

 

 

 

 

 

 

 

 

{1} For a description of the Order Protection Rule, please see the CSA Notice published on November 13, 2009.