BCN 2010/23 - Adoption of Amendments to National Instrument 24-101 [BCN]
| Published Date: | 2010-06-30 |
|---|---|
| Related Document(s): |
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Concurrently Published:
- 24-101 - Institutional Trade Matching and Settlement [NI - Rescinded]
- 24-101CP - Institutional Trade Matching and Settlement [CP - Rescinded]
- 24-101F1 - Registered Firm Exception report of Dap/Rap Trade Reporting and Matching [F - Rescinded]
- 24-101F2 - Clearing Agency Quarterly Operations Report of Institutional Trade Reporting and Matching [F - Rescinded]
- 24-101F3 - Matching Service Utility Notice of Operations [F - Rescinded]
- 24-101F4 - Matching Service Utility Notice of Cessation of Operations [F - Rescinded]
- 24-101F5 - Matching Service Utility Quarterly Operations Report of Institutional Trade Reporting and Matching [F - Rescinded]
Substance and purpose of the Instrument
Effective July 1, 2010, the Commission, together with other Canadian Securities Administrators, is adopting amendments to National Instrument 24-101 Institutional Trade Matching and Settlement and its related companion policy and forms (the amendments).
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 amendments also change the documentation requirement, the provisions governing non-western hemisphere client trades and certain definitions and other provisions.
Prior publications
We published the amendments for comment on October 30, 2009 (BCN 2009/30). We provided advance notice of the rule on April 16, 2010 (BCN 2010/16).
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
June 28, 2010
Brenda M. Leong
Chair
| Ref: | National Instrument 24-101 Institutional Trade Matching and Settlement Companion Policy 24-101CP Institutional Trade Matching and Settlement BCN 2009/30 Notice and Request for Comments Proposed Amendments to National Instrument 24-101 Institutional Trade Matching and Settlement; Forms 24-101F1, 24-101F2 and 24-101F5; and Companion Policy 24-101CP Institutional Trade Matching and Settlement BCN 2010/16 Advance Notice of Amendments to 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.