Notice of Variation Order – Fixed Income Clearing Corporation (FICC)

On March 20, 2025, the Commission issued an order (Variation Order) under sections 144 and 147 of the Securities Act (Ontario) (OSA) varying the Commission's order exempting Fixed Income Clearing Corporation (FICC) from the requirement to be recognised as a clearing agency under subsection 21.2(0.1) of the OSA.

The purpose of the Variation Order is to (i) reflect changes to the Government Securities Division (GSD) Rules made pursuant to the Treasury Clearing Rules (as described in the Variation Order) and (ii) revise certain representations that describe existing offered products and services.

The Variation Order is published in Chapter B.2.