Notice of Commission Approval of Proposed Change – Liquidnet Canada Inc.

Liquidnet Canada Inc. has announced its plan to implement changes to its Form 21-101F2 (F2) to enable its institutional subscribers to interact with liquidity from IIROC participants in the form of small retail immediate-or-cancel orders (previously approved by the OSC) and large client Broker Blocks (Proposed Change). A notice describing the Proposed Change was published in accordance with OSC Staff Notice 21-703 – Transparency of the Operations of Stock Exchanges and Alternative Trading Systems on June 28, 2012 in this Bulletin. Pursuant to OSC Staff Notice 21-703, market participants were also invited by OSC staff to provide the Commission with feedback on the proposed change. No comments were received.

The Proposed Change was approved on September 21, 2012. Liquidnet Canada is expected to publish a notice indicating the intended implementation date of the proposed change.