Securities Law & Instruments

NOTICE OF COMMISSION APPROVAL



The Commission has approved amendments to National Instrument 24-101 Institutional Trade Matching and Settlement and Companion Policy 24-101CP Institutional Trade Matching and Settlement (together, NI 24-101). Subject to Ministerial approval requirements, the amendments to NI 24-101 will come into force on July 1, 2010. In connection with the amendments, the Commission also approved the revocation of Ontario Securities Commission Rule 24-502 Exemption from Transitional Rule: Extension of Transitional Phase-In Period in National Instrument 24-101 – Institutional Trade Matching and Settlement, to be effective on the same date.

The notice and related materials pertaining to the amendments to NI 24-101 and the revocation of OSC Rule 24-502 are published in Chapter 5 of this Bulletin. The materials include a CSA staff report on industry compliance with the institutional trade matching requirements of NI 24-101 (Annex C of the notice).