TSX Inc. – s. 144

Order

IN THE MATTER OF

THE SECURITIES ACT,

R.S.O. 1990, CHAPTER S.5, AS AMENDED

(THE ACT)

 

AND

 

IN THE MATTER OF

TSX INC.

(TSX)

 

REVOCATION ORDER

Section 144 of the Act

 

                WHEREAS the Ontario Securities Commission (the Commission) issued a decision dated September 8, 2006 pursuant to subsection 21(5) of the Act (the Order) requiring TSX to use reasonable commercial efforts to consolidate on a per security basis all trades executed on TSX that have an insider trading marker and publicly disseminate the information in summary form at the end of the day (the Insider Trading Report);

                AND WHEREAS since the date of the Order regulatory tools have been established that disclose material information, including insider trading information, to investors;

                AND WHEREAS since the date of the Order other regulatory tools have been established to investigate illegal insider trading in the Canadian capital markets;

                AND WHEREAS the Insider Trading Report is not providing insider trading information reflective of today’s multi-marketplace environment;

                AND WHEREAS TSX has filed an application (the Application) with the Commission to revoke the Order pursuant to section 144 of the Act in order to remove the requirement to produce and disseminate the Insider Report;

                AND WHEREAS the Commission has determined, based on the Application and representations made by TSX, that it is not prejudicial to the public interest to remove the Insider Trading Report;

                IT IS HEREBY ORDERED that, pursuant to section 144 of the Act, the Order is revoked.

                DATED at Toronto this 24 day of November, 2017.

“Deborah Leckman”

Commissioner

Ontario Securities Commission

“Timothy Moseley”

Commissioner

Ontario Securities Commission