Industry





CANADIAN SECURITIES EXCHANGE

NOTICE OF APPROVAL

INTRODUCTION OF MONTHLY TIER CREDITS - TOP OF BOOK



In accordance with the Process for the Review and Approval of Rules and the Information Contained in Form 21-101F1 and the Exhibits Thereto ("Protocol"), CNSX Markets Inc. ("CSE") has adopted, and the Ontario Securities Commission (“OSC”) has approved, the Introduction of Monthly Tier Credits – Top of Book (“Fee Change”).

The Fee Change will provide monthly tier credits to traders that have placed orders reaching a stated target percentage of time at the NBBO on a per symbol basis for TSX-listed securities trading equal to or greater than $1.00. The monthly tier credits are calculated on all of the trader’s eligible passive trades for that symbol for the month.

On November 2, 2018 the CSE Request for Comment on the proposed fee changes was published on the Commission’s website and in the Commission’s Bulletin on November 7, 2018 at (2018), 41 OSCB 8893. The period for public comment expired on December 3, 2018.

CSE received no comment letters.

The fee changes will take effect on January 1, 2019.

The full text of the fee change is available in Notice 2018-009 at http://thecse.com.

A copy of the CSE Notice is published on our website at www.osc.gov.on.ca.