Bourse de Montréal Inc. and TSX Venture Exchange Inc. – ss. 4.6(3)(c), 4.6(5)(c) of NI 23-103 Electronic Trading and Direct Electronic
Headnote
Section 4.6 of National Instrument 23-103 Electronic Trading and Direct Electronic Access to Marketplaces (NI 23-103) -- recognition of certain exchanges pursuant paragraphs 4.6(3)(c) and 4.6(5)(c) of NI 23-103.
Instruments Cited
National Instrument 23-103 Electronic Trading and Direct Electronic Access to Marketplaces, ss. 4.6(3)(c), 4.6(5)(c).
IN THE MATTER OF
NATIONAL INSTRUMENT 23-103 ELECTRONIC TRADING AND DIRECT ELECTRONIC ACCESS TO MARKETPLACES
AND
IN THE MATTER OF
BOURSE DE MONTRÉAL INC. AND TSX VENTURE EXCHANGE INC.
ORDER
(National Instrument 23-103, paragraphs 4.6(3)(c) and 4.6(5)(c))
WHEREAS paragraph 4.6(3)(c) of National Instrument 23-103 Electronic Trading and Direct Electronic Access to Marketplaces states:
"A participant dealer under subsection (1) must immediately provide the DEA client's name and its associated DEA client identifier to
(c) any exchange or quotation and trade reporting system that is recognized for the purposes of this Instrument and that directly monitors the conduct of its members or users and enforces requirements set pursuant to subsection 7.1(1) or 7.3(1) respectively of NI 23-101 and to which the DEA client has access through the participant dealer."
AND WHEREAS paragraph 4.6(5)(c) of National Instrument 23-103 Electronic Trading and Direct Electronic Access to Marketplaces states:
"If a client ceases to be a DEA client, the participant dealer must promptly inform
(c) any exchange or quotation and trade reporting system that is recognized for the purposes of this Instrument and that directly monitors the conduct of the members or users and enforces requirements set pursuant to subsection 7.1(1) or 7.3(1) respectively of NI 23-101 and to which the DEA client had access through the participant dealer."
AND UPON the Commission being satisfied that to do so would not be prejudicial to the public interest;
THE COMMISSION HEREBY RECOGNIZES the Bourse de Montréal Inc. and TSX Venture Exchange Inc. for the purposes of National Instrument 23-103 pursuant to paragraphs 4.6(3)(c) and 4.6(5)(c) of National Instrument 23-103.
DATED this 28th day of February, 2014 and effective on March 1, 2014.