Alpha Exchange Inc. -- s. 144
IN THE MATTER OF
THE SECURITIES ACT,
R.S.O. 1990, CHAPTER S.5, AS AMENDED
(Act)
AND IN THE MATTER OF
ALPHA EXCHANGE INC.
REVOCATION ORDER
(Section 144 of the Act)
WHEREAS by order dated December 8, 2011, the Commission recognized each of Alpha Trading Systems Limited Partnership and Alpha Exchange Inc. (Alpha Exchange) as an exchange pursuant to section 21 of the Act, effective the later of: (a) February 1, 2012; or (b) the date the operations of Alpha ATS Limited Partnership have been legally transferred to Alpha Exchange, and subject to the terms and conditions;
AND WHEREAS by order dated April 24, 2012, the Commission designated Alpha Exchange as a designated exchange for the purposes of section 101.2 of the Act (the Designated Exchange Order);
AND WHEREAS pursuant to section 101.2(1) of the Act, an issuer bid that is made in the normal course through the facilities of a designated exchange is exempt from the formal bid requirements if the bid is made in accordance with the bylaws, rules, regulations and policies of that exchange;
AND WHEREAS on November 1, 2012 the Commission approved the withdrawal of the listing rules and related forms for the Alpha Main and Alpha Venture Plus listing markets on the Alpha Exchange;
AND WHEREAS Alpha Exchange no longer has bylaws, rules, regulations and policies regulating normal course issuer bids;
AND WHEREAS an application has been made pursuant to section 144 for an order revoking the Designated Exchange Order;
AND UPON the Commission being satisfied that to do so would not be prejudicial to the public interest;
IT IS ORDERED that, pursuant to section 144 of the Act, the Designated Exchange Order is revoked.
DATED this 16th day of July 2013.