Amendments to
National Instrument 21-101 Marketplace Operations,
Form 21-101F2 Initial Operation Report Alternative Trading
System and Form 21-101F5 Initial Operation Report
for Information Processor and
National Instrument 23-101 Trading Rules came into force on
June 12, 2007.
The Securities
Commission (Adoption of National Instruments) Amendment
Regulations, 2007 (No.3) came into
force on June 12, 2007. The regulations adopt amendments to
National Instrument 21-101 Marketplace Operations, Form
21-101F2 Initial Operation Report Alternative Trading System
and Form 21-101F5 Initial Operation Report for
Information Processor and National Instrument 23-101
Trading Rules.
The amendments
extend the exemption from the mandatory transparency requirements
until January 1, 2012 with no change to the current transparency
requirement for government fixed income securities, require the
information processor to report the process and criteria for
selection of fixed income securities to the securities regulators,
extend the deadline for implementation of the electronic audit
requirements from January 1, 2007 to January 1, 2010 with an added
exemption, to provide flexibility for implementation, to dealers
and inter-dealer bond brokers complying with similar electronic
audit trail requirements established by a regulation services
provider and approved by the applicable securities regulatory
authorities, clarify the best execution obligation, and extend the
approval of the current information processor for corporate fixed
securities to December 31, 2007.
As well, a number
of non-material changes were also made to correct minor errors and
omissions.
June 29, 2007
Contact:
Dean
Murrison
Deputy Director, Legal/Registration
(306) 787 5879
