Regulatory Alerts2020-08-31
Regulation 21-101 Respecting Marketplace Operation
Securities regulatory authorities in Canada issued Regulation 21-101 to establish uniform operational standards for recognized exchanges, quotation and trade reporting systems, and alternative trading systems. The regulation mandates that marketplaces file specific forms detailing their operations, fees, and financial statements, while requiring annual certifications and quarterly reports to ensure transparency. It further imposes strict requirements on marketplaces to provide fair access, prevent discriminatory trading terms, maintain orderly markets, and protect the confidentiality of participant trading information.
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