Regulatory Alerts2025-01-23
Draft Regulation to amend Regulation 23-101 respecting Trading Rules
The regulator amends Regulation 23-101 respecting Trading Rules to specifically define and regulate U.S. inter-listed securities. The changes include replacing the term 'inter-listed security' with 'U.S. inter-listed security' and reducing the associated fee from $0.0030 to $0.0010. Additionally, Section 6.6.2 of the original regulation is repealed to streamline the trading rules framework.
REGULATION TO AMEND REGULATION 23-101 RESPECTING TRADING RULES Securities Act (chapter V-1.1, s. 331.1, par. (32) and (34))
- Section 6.6.1 of Regulation 23-101 respecting Trading Rules (chapter V-1.1, r. 6) is amended: (1) by replacing “inter listed security” in paragraph (1) by “U.S. inter-listed security”; (2) in paragraph (2): (a) in subparagraph (a): (i) by replacing “an inter-listed security” in the text preceding subparagraph (i) by “a U.S. inter-listed security”; (ii) by replacing “$0.0030” in subparagraph (i) by “$0.0010”; (b) by replacing “an inter-listed security” in subparagraph (b) by “a U.S. interlisted security”; (3) by replacing “inter-listed securities” in paragraph (3) by “U.S. inter-listed securities”
- Section 6.6.2 of the Regulation is repealed.
- Effective Date This Regulation comes into force on (indicate here the date of coming into force of this Regulation).
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