OSC Notice – Variation of Exchange Recognition Orders – TMX Group Inc. and TSX Inc.

On May 12, 2023, the Commission made orders (Variation Orders) under subsection 144(1) of the Securities Act (Ontario) varying the Commission's orders recognizing CNSX Markets Inc. (Canadian Securities Exchange), Nasdaq CXC Limited and Ensoleillement Inc., Aequitas Innovations Inc. and Neo Exchange Inc. (Cboe Canada), and TMX Group Limited et al. (TMX Group Limited, TSX Inc., and Alpha Exchange Inc.) (Recognition Orders).

The Variation Orders reflect the name change of the Investment Industry Regulatory Organization of Canada (IIROC) to the Canadian Investment Regulatory Organization (CIRO) by replacing references to IIROC with references to CIRO in the Recognition Orders.

The Variation Orders will take effect on June 1, 2023.

The Variation Orders are published in Chapter B.2 of the June 1 Bulletin.

Background

Effective January 1, 2023, IIROC and the Mutual Fund Dealers Association of Canada (MFDA) amalgamated under the Canada Not-for-Profit Corporations Act to form a single self-regulatory organization (SRO), which at the time of amalgamation was temporarily named the New Self-Regulatory Organization of Canada (New SRO). For background on the amalgamation, please refer to CSA Staff Notice of Approval 25-307 -- Recognition of New Self-Regulatory Organization of Canada. On April 24, 2023, members of the New SRO voted to approve CIRO as a new permanent name pursuant to subsection 197(1) of the Canada Not-for-Profit Corporations Act.