Notice of Commission Order - Application for Exemption from Recognition as an Exchange and from the Marketplace Rules - RTX Fintech & Research LLC
On July 21, 2023, the Commission issued an order (the Order) exempting RTX Fintech & Research LLC (the Applicant) from:
- the requirement to be recognized as an exchange under section 21(1) of the Securities Act (Ontario) (the Act) pursuant to section 147 of the Act; and
- the requirements in National Instrument 21-101 Marketplace Operation (NI 21-101) pursuant to section 15.1 of NI 21-101, the requirements of National Instrument 23-101 Trading Rules (NI 23-101) pursuant to section 12.1 of NI 23-101, and the requirements of National Instrument 23-103 Electronic Trading and Direct Electronic Access to Marketplaces (NI 23-103) pursuant to section 10 of NI 23-103.
A copy of the Order is published in Chapter B.2 of the OSC Bulletin published on July 27, 2023.
The Commission published the Applicant's application and draft order for comments on June 1, 2023 in the OSC Bulletin and the OSC website. No comments were received. No changes were made to the draft order published for comment.
The Order is consistent with Staff Notice 21-702 – Regulatory Approach for Foreign-Based Stock Exchanges and the updated exemption criteria included at Appendix 1 to Schedule A of the Order.