BCN 2007/03 - Publication for Comment egX Canada Inc. Application for Recognition as an Exchange (section 24, Securities Act) [BCN - Lapsed]

egX Canada Inc. has applied for recognition as an exchange in British Columbia by filing Form 21-101F1 Information Statement - Exchange or Quotation and Trade Reporting System. ¹The Commission is publishing for comment

^{1 The application is confidential - see section 6.1(2) of the Companion Policy to NI 21-101.}

• a proposed recognition order,
• an annotated version of the recognition order, authored and provided by egX, setting out a summary of how egX's application meets each of the proposed criteria, and
• proposed guidance to the recognition order.

For more information about egX, visit its website at www.investment.com.

Substance and Purpose of Proposed Recognition Order and Proposed Guidance
A recognized exchange is subject to securities regulatory requirements in the Securities Act, National Instrument 21-101 Marketplace Operations, National Instrument 23-101 Trading Rules, and other instruments and policies adopted by the Commission. The proposed recognition order supplements the securities regulatory requirements that already apply and provides a framework for the Commission's regulatory oversight of egX.

We think the proposed recognition order will provide the Commission with the information it needs to effectively oversee egX's operations. We also think it will give egX the flexibility to comply with its securities regulatory responsibilities in ways that make sense for egX.

The proposed guidance is intended to tell egX, and the public, how the Commission interprets the terms of the order and suggest some ways in which egX can demonstrate its compliance not only with the order, but with all of the securities regulatory requirements that apply to it. We propose to post both the recognition order and the guidance to our website so that the regulatory framework for egX is transparent.

 
Proposed Date for Issuing Recognition Order
The recognition order will be effective when the Commissioners approve it.  Commission staff anticipate that the Commissioners will consider the proposed order and guidance in March.

Comments
We invite interested parties to make written submissions about the proposed recognition order and guidance.

We will consider submissions received by the close of business on Monday, February 26, 2007.  This deadline will be strictly observed. Send your submissions to:

British Columbia Securities Commission
P.O. Box 10142, Pacific Centre
701 - West Georgia Street
Vancouver, B.C.  V7Y 1L2

Attention: Sandy Jakab - Manager, Policy and Exemptions, Capital Markets Regulation

You should also submit a diskette containing an electronic copy of the submissions (in DOS or Windows format, preferably Microsoft Word).

Please refer questions to:

Sandy Jakab
Manager - Policy and Exemptions
Capital Markets Regulation
British Columbia Securities Commission
(604) 899-6869
(800) 373-6393 (in B.C. and Alberta)
sjakab@bcsc.bc.ca

January 25, 2007

Brent W. Aitken
Vice Chair

This Notice may refer to other documents. You can find these documents at the B.C. Securities Commission public website at www.bcsc.bc.ca in the section Securities Law & Policy: Policies & Instruments.