BCN 2010/16 - Advance Notice of Amendments to National Instrument 24-101 Institutional Trade Matching and Settlement [BCN]
Concurrently Published:
- 24-101 - Institutional Trade Matching and Settlement [NI Amendment Advance Notice - Lapsed]
- 24-101 - Institutional Trade Matching and Settlement [NI Blackline Amendment Advance Notice - Lapsed]
- 24-101CP - Institutional Trade Matching and Settlement [CP Amendment Advance Notice - Lapsed]
- 24-101CP - Institutional Trade Matching and Settlement [CP Blackline Amendment Advance Notice - Lapsed]
- 24-101F1 - Registered Firm Exception Report of Dap/Rap Trade Reporting and Matching [F Blackline Amendment Advance Notice - Lapsed]
- 24-101F2 - Clearing Agency Quarterly Operations Report of Institutional Trade Reporting and Matching [F Blackline Amendment Advance Notice - Lapsed]
- 24-101F3 - Matching Service Utility Notice of Operations [F Blackline Amendment Advance Notice - Lapsed]
- 24-101F4 - Matching Service Utility Notice of Cessation Of Operations [F Blackline Amendment Advance Notice - Lapsed]
- 24-101F5 - Matching Service Utility Quarterly Operations Report of Institutional Trade Reporting and Matching [F Blackline Amendment Advance Notice - Lapsed]
- 24-502 - Extension of Transitional Phase-In Period in National Instrument 24-101 Institutional Trade Matching and Settlement [BCI Amendment Advance Notice - Lapsed]
In the attached advance notice, the Canadian Securities Administrators announce that they expect to implement amendments to National Instrument 24-101 Institutional Trade Matching and Settlement, and its related companion policy and forms, subject to ministerial consent.
The amendments indefinitely defer the midnight on T requirement for institutional trade matching. They maintain the current requirement to match institutional trades by no later than noon on the business day following trade date (noon on T+1).
The CSA is also amending the documentation requirement, the provisions governing non-western hemisphere client trades and certain definitions and other provisions. The amendments will be effective July 1, 2010.
Questions
You may refer questions to:
Mark Wang
Manager, Legal Services
British Columbia Securities Commission
(604) 899-6658
(800) 373-6393 (toll free across Canada)
mwang@bcsc.bc.ca
April 16, 2010
Brenda M. Leong
Chair and Chief Executive Officer
| Ref: | National Instrument 24-101 Institutional Trade Matching and Settlement |
This Notice may refer to other documents. These documents can be found at the B.C. Securities Commission public website at www.bcsc.bc.ca in the section Securities Law & Policy: Policies & Instruments.