BCN 2008/42 - Adoption of Amendments to National Instrument 21-101 Marketplace Operation and National Instrument 23-101 Trading Rules [BCN - Lapsed]
| Published Date: | 2008-09-12 |
|---|---|
| Rescinded Date: | 2012-07-09 |
| Related Document(s): |
Concurrently Published:
- 21-101 - Marketplace Operation [NI Amendment - Lapsed]
- 21-101CP - Marketplace Operation [CP Amendment - Lapsed]
- 23-101 - Trading Rules [NI Amendment - Lapsed]
- 23-101CP - Trading Rules [CP Amendment - Lapsed]
Effective September 12, 2008 the Commission, together with the other Canadian Securities Administrators (CSA), is adopting amendments to
- National Instrument 21-101 Marketplace Operation
- Companion Policy 21-101CP
- National Instrument 23-101 Trading Rules
- Companion Policy 23-101CP
Substance and purpose of the amendments
The amendments:
- create a definition of best execution; and
- require dealers and advisers to use reasonable efforts to achieve best execution
Prior publications
We published the amendments to NI 21-101 and NI 23-101 for comment on April 20, 2007(BCN 2007/19). On June 20, 2008, we published advance notice that, subject to government approval, we expected to adopt the amendments to NI 21-101 and NI 23-101 effective September 12, 2008 (BCN 2008/31).
Questions
You may refer questions to:
Tony S.K. Wong
Senior Legal Counsel
British Columbia Securities Commission
604-899-6764
800-373-6393 (in B.C. and Alberta)
twong@bcsc.bc.ca
September 12, 2008
Douglas M. Hyndman
Chair
Ref: BC Notice 2007/19
CSA/RS Joint Notice on Trade-Through, Best Execution and Access to Marketplaces
BC Notice 2008/31
CSA Notice on Best Execution
National Instrument 21-101 Marketplace Operation
Companion Policy 21-101CP
National Instrument 23-101 Trading Rules
Companion Policy 23-101CP
This Notice may refer to other documents. These documents can be found at the B.C. Securities Commission public website atwww.bcsc.bc.cain the section Securities Law & Policy: Policies & Instruments.