Regulatory Alerts2019-03-15
CSA Staff Notice 21-325: Follow-up on Marketplace Systems Incidents
The Canadian Securities Administrators issued this notice following a review of the April 2018 market-wide systems incident affecting major Canadian exchanges. The document outlines identified regulatory gaps and issues regarding the prompt reporting of material systems failures, communication with participants, and the treatment of retail orders during disruptions. It also references accompanying guidance on incident reporting and notes ongoing monitoring of alternative closing price methodologies and retail trading protections.
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