22-503 - Extension of Relief from National Instrument 21-101 Marketplace Operation - Information Transparency Requirements for Government Debt Securities [BCI]
| Published Date: | 2011-12-23 |
|---|---|
| Effective Date: | 2012-01-01 |
| Document(s): |
Concurrently Published:
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
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(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)