22-503 Extension of Relief from National Instrument 21-101 Marketplace Operation - Information Transparency Requirements for Government Debt Securities [BCI]

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22-503 [BCI] Dec 23, 2011
Published: 2011-12-23
Effective: 2012-01-01

Concurrently Published

Document
BCN 2011/35 BCN 2011/35 Adoption of BC Instrument 22-503 - Extension of Relief from National Instrument 21-101 Marketplace Operation Information Transparency Requirements for Government Debt Securities [BCN]

Definitions
1.  Terms defined in the Securities Act, National Instrument 14-101 Definitions or National Instrument 21-101 Marketplace Operation (NI 21-101) have the same meaning in this blanket order.

Background
2.  NI 21-101 imposes information transparency requirements on marketplaces and inter-dealer bond brokers.

3.  Under section 8.1 of NI 21-101, marketplaces that display orders of government debt securities, and marketplaces and inter-dealer bond brokers through which trades of, or orders for, government debt securities are executed, must provide certain information to an information processor.

4.  Section 8.6 of NI 21-101 defers the application of section 8.1 of NI 21-101 until January 1, 2012.

5.  It is anticipated that proposed amendments to NI 21-101 will, among other things, further defer the application of section 8.1 of NI 21-101 to January 1, 2015.

Order
6. Effective January 1, 2012, the Commission orders that section 8.1 of NI 21-101 does not apply.

7. This order expires on the earlier of (i) the coming into force of an amendment to section 8.6 of NI 21-101, and (ii) December 31, 2014.


December 22, 2011

 


Brenda M. Leong
Chair
_____________________________________________________________________
(This part is for administrative purposes only and is not part of the Order)
Authority under which Order is made:
Act and section: Securities Act, section 187(1)