Notice of Commission Order – Application for Interim Exemptive Relief – Japan Securities Clearing Corporation (JSCC)

On September 29, 2023, the Commission issued an order under section 147 of the Securities Act (Ontario) (Act) exempting JSCC, on an interim basis, from the requirement in subsection 21.2(0.1) of the Act to be recognized as a clearing agency (Order), subject to terms and conditions as set out in the Order. JSCC is exempted from the requirement until the earlier of (i) September 28, 2024, and (ii) the effective date of any subsequent order issued by the Commission recognizing JSCC as a clearing agency under subsection 21.2(0.1) of the Act or exempting it from the requirement to be recognized as a clearing agency under section 147 of the Act.

A copy of the interim exemption order is published in Chapter B.2 of this Bulletin.