Securities Law

BCN 2010/16 - Advance Notice of Amendments to National Instrument 24-101 Institutional Trade Matching and Settlement [BCN]

Published Date: 2010-04-16
Related Document(s):

Concurrently Published:

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.