Securities Law

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Rescinded Date: 2012-07-09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:

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.