The Participating Jurisdictions of British Columbia, Alberta, Saskatchewan, Manitoba, Quebec, Nova Scotia, New Brunswick, Prince Edward Island, Newfoundland and Labrador, Nunavut, the Northwest Territories, and Yukon (the Participating Jurisdictions) of the Canadian Securities Administrators (CSA) have adopted CSA Staff Notice 24-317, Notice of Relief from Certain Filing Provisions under National Instrument 24-101 Institutional Trade Matching and Settlement (the Staff Notice).
The Staff Notice grants relief to registered dealers or advisers (registered firms) through a three-year moratorium from the application of section 4.1 of National Instrument 24-101 Institutional Trade Matching and Settlement (NI 24-101). Under the relief, registered firms will not be required to deliver Form 24-101F1 Registered Firm Exception Report of DAP/RAP Trade Reporting and Matching (Form 24-101F1) to the participating jurisdictions beginning on July 1, 2020, and ending on July 1, 2023.
The Ontario Securities Commission (OSC) is seeking ministerial approval for amendments to NI 24-101 that would provide harmonized relief (amendments) beginning on July 1, 2020, and ending on July 1, 2023. The CSA and the OSC will coordinate their respective beginning dates and end dates of the amendments.
CSA Staff Notice 24-317, Notice of Relief from Certain Filing Provisions under National Instrument 24-101 Institutional Trade Matching and Settlement is available for download from the websites of the Participating Jurisdictions.
For more information, please call Barbara Hendrickson at BAX Securities Law (416) 601 -1004. This publication is not intended to constitute legal advice. No one should act on it or refrain from acting on it without consulting with a lawyer. BAX does not warrant or guarantee the accuracy or currency or completeness of the publication. No part of this publication may be reproduced without the prior written permission of BAX Securities Law.
