Policy Documents
Decisions & Orders

Document Sub-category:Exemption Orders (Discretionary)
Document No.:2012/03/29
Subject:Alpha Exchange Inc. and Alpha Trading Systems L.P. [Exemption Order]
Amendments:
Published Date:03/30/2012
Effective Date:03/29/2012

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2012 BCSECCOM 99.pdf
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2012 BCSECCOM 99


Exemption Order

Alpha Exchange Inc. and Alpha Trading Systems L.P.

Section 33(1) of the Securities Act, RSBC 1996, c. 418


Headnote
Exemption from the requirement that a person must not carry on business as an exchange in British Columbia unless it is recognized by the Commission.

Background
1. Alpha Exchange applied on April 7, 2011 for relief from the requirement that it be recognized as an exchange.


Interpretation
In this order:
(b) venture issuer means a reporting issuer listed on any venture exchange.

Representations
Alpha Exchange Inc. represents that:


Order
Based on the application and representations that Alpha Exchange has provided and considering that to do so would not be prejudicial to the public interest, the Commission orders under section 33(1) of the Act that Alpha Exchange Inc. and Alpha LP are exempt from the recognition requirement provided that they comply with the following terms and conditions:

1.   Alpha Exchange must ensure fair, meaningful, and diverse representation on its Board of Directors and any Board committees, including:

2.   Alpha Exchange must: 3.   Alpha Exchange must: 4. Each of Alpha Exchange and Alpha LP continue to be recognized by the OSC as an exchange.

5. Alpha Exchange Inc. must monitor the following criteria and, if any one threshold is crossed, promptly apply to the Commission for recognition as an exchange:

This decision will become effective on April 1, 2012.

March 29
, 2012


Brenda M. Leong
Chair