Notice of Commission Approval - Proposed Amendments to IDA Regulation 800: Proposed New Regulation 800.49 Regarding Broker-to-Broker Trade Matching

Investment Dealers Association rule review
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THE INVESTMENT DEALERS ASSOCIATION OF CANADA (IDA)

NOTICE OF COMMISSION APPROVAL

PROPOSED AMENDMENTS TO IDA REGULATION 800
- TRADING AND DELIVERY: PROPOSED NEW REGULATION

800.49 REGARDING BROKER-TO-BROKER TRADE MATCHING

The Ontario Securities Commission approved proposed amendments to IDA Regulation 800 -- Trading and Delivery, which amendments involve the addition of new Regulation 800.49 regarding Broker-to-Broker Trade Matching. In addition, the Alberta Securities Commission approved, and the British Columbia Securities Commission did not object to, the proposed amendments.

A copy and description of an initial proposed new Regulation 800.49 were published on November 8, 2002, at (2002) 25 OSCB 7396. As a result of staff review and comments, the IDA modified its proposal. A copy and description of the revised new Regulation 800.49 were published on February 13, 2004, at (2004) 27 OSCB 2038. The IDA received comments from one bank-owned dealer, but no changes were required to the revised Regulation. The IDA's summary of comments and responses is published in conjunction with this notice in Chapter 13--SRO Notices and Disciplinary Proceedings.