Securities Law

21-101 - Marketplace Operation [NI Blackline Amendment Proposed - Lapsed]

Published Date: 2008-10-17
Document(s):

Concurrently Published:

This document is an unofficial consolidation of all amendments to National Instrument 21-101 Marketplace Operation, its forms and its companion policy current to September 12, 2008. The black-lined portions indicate the proposed amendments to National Instrument 21-101 and its companion policy. This document is for reference purposes only and is not an official statement of the law.

 

 

National Instrument 21-101

 

Marketplace Operation

 

Table of Contents

 

PART                      TYPE

 

PART 1                  DEFINITIONS AND INTERPRETATION

1.1                          Definitions

1.2                          Interpretation - Marketplace

1.3                          Interpretation - Affiliated Entity, Controlled Entity and Subsidiary Entity

1.4                          Interpretation - Security

 

PART 2                  APPLICATION

2.1                          Application

 

PART 3                  EXCHANGE - RECOGNITION

3.1                          Application for Recognition

3.2                          Change in Information After Recognition

 

PART 4                  QUOTATION AND TRADE REPORTING SYSTEM - RECOGNITION

4.1                          Application for Recognition

4.2                          Change in Information After Recognition

 

PART 5                  REQUIREMENTS APPLICABLE ONLY TO RECOGNIZED EXCHANGES AND RECOGNIZED QUOTATION AND TRADE REPORTING SYSTEMS

5.1                          Access Requirements

5.2                          No Restrictions on Trading on Another Marketplace

5.3                          Public Interest Rules

5.4                          Compliance Rules

5.5                          Filing of Rules

5.6                          Filing of Annual Audited Financial Statements

 

PART 6                  REQUIREMENTS APPLICABLE ONLY TO ATSs

6.1                          Registration

6.2                          Registration Exemption Not Available

6.3                          Securities Permitted to be Traded on an ATS

6.4                          Reporting Requirements

6.5                          Ceasing to Carry on Business as an ATS

6.6                          Notification of Intent to Carry on Exchange Activities

6.7                          Notification of Threshold

6.8                          Confidential Treatment of Trading Information

6.9                          Name

6.10                        Risk Disclosure for Trades in Foreign Exchange-Traded Securities

6.11                        Risk Disclosure to Non-Registered Subscribers

6.12                        No Restrictions on Trading on Another Marketplace

6.13                        Access Requirements

 

PART 7                  INFORMATION TRANSPARENCY REQUIREMENTS FOR MARKETPLACES DEALING IN EXCHANGE-TRADED SECURITIES AND FOREIGN EXCHANGE-­TRADED SECURITIES

7.1                          Pre-Trade Information Transparency - Exchange-Traded Securities

7.2                          Post-Trade Information Transparency - Exchange-Traded Securities

7.3                          Pre-Trade Information Transparency - Foreign Exchange-Traded Securities

7.4                          Post-Trade Information Transparency- Foreign Exchange-Traded Securities

7.5                          Consolidated Feed - Exchange-Traded Securities

7.6                          Compliance with Requirements of an Information Processor

 

 

 

PART 8                  INFORMATION TRANSPARENCY REQUIREMENTS FOR MARKETPLACES DEALING IN UNLISTED DEBT SECURITIES, INTER-DEALER BOND BROKERS AND DEALERS

8.1                          Pre-Trade and Post-Trade Information Transparency Requirements - Government Debt Securities

8.2                          Pre-Trade and Post-Trade Information Transparency Requirements - Corporate Debt Securities

8.3                          Consolidated Feed - Unlisted Debt Securities

8.4                          Compliance with Requirements of an Information Processor

8.5                          Filing Requirements for the Information Processor

8.6                          Exemption for Government Debt Securities

 

PART 9                  [Repealed]

 

PART 10                DISCLOSURE OF TRADING FEES FOR MARKETPLACES

10.1                        Disclosure of Trading Fees by Marketplaces

10.2                        Trading Fees for Trade-Through Purposes

 

PART 11                RECORDKEEPING REQUIREMENTS FOR MARKETPLACES

11.1                        Business Records

11.2                        Other Records

11.2.1                     Transmission in Electronic Form

11.3                        Record Preservation Requirements

11.4                        Means of Record Preservation

11.5                        Synchronization of Clocks

 

PART 11.1             REPORTING OF ORDER EXECUTION INFORMATION BY MARKETPLACES

11.1.1                     Reporting of Order Execution Information by Marketplaces

 

PART 12                CAPACITY, INTEGRITY AND SECURITY OF MARKETPLACE SYSTEMS

12.1                        System Requirements

12.2                        Systems Reviews Application

12.3                         Availability of Technology Specifications and Testing FacilitiesAvailability of technology specifications and testing facilities

 

PART 13                CLEARING AND SETTLEMENT

13.1                        Clearing and Settlement

 

PART 14                REQUIREMENTS FOR AN INFORMATION PROCESSOR

14.1                        Filing Requirements for an Information Processor

14.2                        Change in Information

14.3                        Ceasing to Carry on Business as an Information Processor

14.4                        Requirements Applicable to an Information Processor

14.5                        System Requirements

 

PART 15                EXEMPTION

15.1                         Exemption

 

PART 16                EFFECTIVE DATE

16.1                        Effective Date

 

FORM 21-101F1                  INFORMATION STATEMENT - EXCHANGE OR QUOTATION AND TRADE REPORTING SYSTEM

FORM 21-101F2                  INITIAL OPERATION REPORT - ALTERNATIVE TRADING SYSTEM

FORM 21-101F3                  QUARTERLY REPORT OF ALTERNATIVE TRADING SYSTEM ACTIVITIES

FORM 21-101F4                  CESSATION OF OPERATIONS REPORT FOR ALTERNATIVE TRADING SYSTEM

FORM 21-101F5                  INITIAL OPERATION REPORT FOR INFORMATION PROCESSOR

FORM 21-101F6                  CESSATION OF OPERATIONS REPORT FOR INFORMATION PROCESSOR