Regulatory Alerts2020-09-14
Regulation 21-101 Respecting Marketplace Operation
The securities regulatory authority issued Regulation 21-101 to establish comprehensive operational requirements for recognized exchanges, quotation and trade reporting systems, and alternative trading systems. The regulation mandates strict filing obligations for initial information, annual audited financial statements, and quarterly reports, while requiring marketplaces to maintain fair access, prevent discriminatory practices, and ensure market integrity. It further imposes specific rules on risk disclosure for foreign securities, confidentiality of trading information, and the timely reporting of significant operational changes or cessation of business.
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