Notice of Commission Approval – Amendments to CNSX Rules 1, 3, 4 and 11 including the repeal of Rules 4-107 Entry of Orders for Market Maker Securities and 4-108 Fair Prices, and the addition of Rule 12 – CNSX Markets Inc.

 
The Ontario Securities Commission approved on January 12, 2011, amendments to CNSX Markets rules, in particular to Rule 1-101 relating to definitions; Rule 3 relating to the governance of trading; Rule 4 relating to the trading of securities, including the repeal of Rules 4-107 and 4-108; Rule 11-101 relating to the application of rules; and the addition of Rule 12 relating to access by eligible clients. The amendments were published for comment on September 24, 2010 at (2010) 33 OSCB 8601. No comments were received.

The definition for the term “CNSX Trading System” was incorrectly defined in the version published for comment since the word “Markets” was missing from the definition. The revised definition of “CNSX Trading System” with the change blacklined can be found below.

1-101 Definitions

(2) In these Rules, unless the subject matter or context otherwise requires:

    “CNSX Trading System” means the electronic system operated by CNSX Markets for receiving orders and trading securities.