Notice of Completion of Staff Review of Significant Changes to Form 21-101F2 - Liquidnet Canada, Inc.

LIQUIDNET CANADA, INC.

NOTICE OF COMPLETION OF STAFF REVIEW OF SIGNIFICANT CHANGES TO FORM 21-101F2

Liquidnet Canada, Inc. (Liquidnet) filed proposed amendments to Form 21-101F2 (the Proposed Amendments) to reflect a proposal to provide its marketplace participants access to the fixed income trading systems operated by Liquidnet's affiliates Liquidnet, Inc. and Liquidnet Europe Limited for purposes of trading non-Canadian fixed income securities (the Bonds).

The Proposed Amendments, which included a description of the fixed income trading system, were published on April 20, 2015, for a 30 day comment period in accordance with the Process for the Review and Approval of Rules and the Information Contained in Form 21-101F2 and the Exhibits Thereto (the ATS Protocol). No comments were received.

The OSC has approved the Proposed Amendments pursuant to section 8 of the ATS Protocol. Liquidnet intends to begin offering its marketplace participants access to trading the Bonds as soon as practicable.

In connection with the approval of the Proposed Amendments, an order was issued exempting Liquidnet from section 6.3 of National Instrument 21-101 Marketplace Operation (Order). The Order is published in Chapter 2 of this Bulletin.