Regulatory Alerts2020-06-04
Amendments to Policy Statement to Regulation 21-101 respecting Marketplace Operation
The Canadian securities regulatory authorities have amended Policy Statement 21-101 to mandate post-trade transparency for government debt securities and expand transparency for corporate debt securities. The updated rules require designated persons to report trade details to an information processor, with specific volume caps applied to displayed data based on security type and issuer. Additionally, the amendments establish a consolidated feed for displaying trade information at 5:00 pm ET on the day following execution and clarify the regulatory authority for recognizing information processors across different jurisdictions.
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