Variation of Commission Order - Nodal Exchange, LLC

 
On February 18, 2022, the Commission issued a variation order pursuant to section 144 of the Securities Act (Ontario) and sections 38 and 80 of the Commodity Futures Act (Ontario) to extend relief exempting trades in commodity futures contracts on Nodal Exchange by a bank listed in Schedule I to the Bank Act (Canada) from the registration requirement under section 22 of the CFA, provided such trades are made as principal and only for the bank’s own account (Bank Relief) The Bank Relief now expires upon the coming into force of legislation or a rule by the Commission regarding the imposition of business conduct obligations on market participants in connection with the trading of exchange-traded derivatives with investors in Ontario.

A copy of the varied and restated order is published in Chapter 2 of this Bulletin.