Regulatory Alerts2025-01-23
CSA Notice of Consultation: Draft Regulation to Amend Regulation 23-101 Respecting Trading Rules
The Canadian Securities Administrators are proposing amendments to Regulation 23-101 to lower the active trading fee cap for U.S. Inter-listed Securities priced at CAD 1.00 or more to CAD 0.001 per share. This change aligns Canadian fee structures with reduced U.S. access fee caps adopted by the SEC to maintain market competitiveness and prevent order flow diversion. The consultation seeks stakeholder feedback on the proposed fee alignment, its impact on market competitiveness, and potential application to inverted markets.
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