NEO EXCHANGE INC.
SIGNIFICANT CHANGE TO THE TREATMENT OF WEIGHTED CLOSING PRICE ELIGIBLE SECURITIES
NOTICE OF APPROVAL
In accordance with the Process for the Review and Approval of Rules and the Information Contained in Form 21-101F1 and the Exhibits Thereto, Neo Exchange Inc. ("NEO Exchange") has received approval to implement a significant change to its treatment of weighted closing price eligible securities from the Ontario Securities Commission.
On September 24, 2020, NEO Exchange published for comment a proposed Significant Change to publish, at the end of each trading day for each NEO-listed ETF, a zero-volume print at the Closing Price using a new cross type, "Closing Price Publication", attributed to the NEO Exchange.
Ten comment letters were received. A summary of the comments and NEO Exchange's response can be found at www.osc.gov.on.ca.
NEO intends to implement the Significant Change in Q1 of 2021.