CSA Staff Notice: 21-307 - Extension of Approval of Information Processor for Corporate Fixed Income Securities
CSA Staff Notice: 21-307 - Extension of Approval of Information Processor for Corporate Fixed Income Securities
CANADIAN SECURITIES ADMINISTRATORS
STAFF NOTICE 21-307
EXTENSION OF APPROVAL OF INFORMATION PROCESSOR
FOR CORPORATE FIXED INCOME SECURITIES
On July 14, 2006, the Canadian Securities Administrators (CSA) published CSA Notice 21-304 Request for Filing of Form 21-101F5 Initial Operation Report for Information Processor by Interested Information Processors, informing the public of the approval status of CanPX Inc. (CanPX) at that time, and of the opportunity for other entities to apply to be an information processor if they were positioned for the role. A number of applications were received and reviewed.
On October 27, 2006, CSA Staff Notice 21-305 Extension Of Approval Of Information Processor For Corporate Fixed Income Securities was published, indicating that CanPX's approval as an information processor for corporate fixed income securities under National Instrument 21-101 Marketplace Operation had been extended until December 31, 2007. The extension was granted to CanPX to provide more certainty for its future operations and to ensure a smooth transition to a new information processor, in case a new entity was selected to perform this role.
In April 20, 2007, CSA Staff Notice 21-306 Notice Of Filing Of Forms 21-101F5 Initial Operation Report For Information Processor was issued to seek comments from market participants on the summary of the applications received for the information processor, and to solicit feedback on a number of specific issues.
As the CSA continues to consider the options for the approval of an information processor, or information processors, for the equity and corporate debt markets, and because an extension of CanPX's approval as information processor for corporate debt securities remains important for ensuring a smooth transition to a new information processor, if a new entity is selected, the CSA has extended CanPX's approval until December 31, 2008.
Questions may be referred to any of:
November 9, 2007