Draft Amendments to Policy Statement to Regulation 23-101 respecting Trading Rules

1
CHANGES TO POLICY STATEMENT TO REGULATION 23-101 RESPECTING TRADING RULES

1. Section 6.4.1 of Policy Statement to Regulation 23-101 respecting Trading Rules is
   replaced by the following:
   “6.4.1. Trading Fees
   Section 6.6.1 provides caps on the fee that a marketplace subject to section 7.1 of
   Regulation 21-101 respecting Marketplace Operation can charge for execution against a displayed order on the marketplace. Paragraph 6.6.1(2)(a) establishes a different trading fee cap for exchange-traded securities that are U.S. inter-listed securities (i.e., listed on both a recognized exchange and a national securities exchange in the United States of America) and priced at or above $1.00. Subsections 6.6.1 (3) and (4) provide a process to ensure transparency of a security’s status as a U.S. inter-listed security, and require a recognized exchange to publish a quarterly list of all of its U.S. inter-listed securities no later than seven days after the end of each quarter. In compiling the list, an exchange may rely on representations made by its listed issuers as to their status.”.