Draft Regulation to amend Regulation 24-102 respecting Clearing Agency Requirements

The draft regulation amends Section 2.1 of Regulation 24-102 by adding a reference to Regulation 26-101 respecting Information Technology System Integrity. It repeals Sections 4.6 to 4.9 and replaces Section 4.10, which now requires recognized clearing agencies to comply with section 21 of Regulation 26-101 when outsourcing key services or systems to a service provider, including affiliated entities. The regulation specifies that it comes into force on a date to be indicated, with a specific filing-based effective date provision for Saskatchewan.

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REGULATION TO AMEND REGULATION 24-102 RESPECTING CLEARING AGENCY REQUIREMENTS Securities Act (chapter V-1.1, s. 331.1, par. (1), (3), (9.1), (11) and (34))

Section 2.1 of Regulation 24-102 respecting Clearing Agency Requirements
(chapter V-1.1, r. 8.01) is amended by adding, at the end of subparagraph (ii) of subparagraph (b) of paragraph (1), “and Regulation 26-101 respecting Information Technology System Integrity (indicate here the reference)”.
Sections 4.6 to 4.9 of the Regulation are repealed.
Section 4.10 of the Regulation is replaced by the following:
“4.10. If a recognized clearing agency outsources a key service or system to a service provider, including, for greater certainty, an affiliated entity of the clearing agency, the clearing agency must comply with section 21 of Regulation 26-101 respecting Information Technology System Integrity (indicate here the reference)”.
(1) This Regulation comes into force on (indicate here the date of coming into
force of this Regulation).
(2) In Saskatchewan, despite paragraph (1), if this Regulation is filed with the Registrar of Regulations after (indicate here the date of coming into force of this Regulation), this Regulation comes into force on the day on which it is filed with the Registrar of Regulations.

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This document amends: Regulation 24-102 Respecting Clearing Agency Requirements

Source: Autorite des marches financiers Quebec — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works