Securities Law

23-101 - Trading Rules [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 23-101 Trading Rules, and its companion policy current to September 12, 2008. This document is for reference purposes only and is not an official statement of the law.


National Instrument 23-101
Trading Rules

Table of Contents

PART    TITLE

PART 1 DEFINITION AND INTERPRETATION
1.1 Definition
1.2 Interpretation - NI 21-101

PART 2 APPLICATION OF THIS INSTRUMENT
2.1 Application of this Instrument

PART 3 MANIPULATION AND FRAUD
3.1 Manipulation and Fraud

PART 4 BEST EXECUTION
4.1 Application of this Part
4.2 Best Execution
4.3  Order and Trade Information
4.4   Reporting of Order Routing by Dealer

PART 5 REGULATORY HALTS
5.1 Regulatory Halts

PART 6   TRADE-THROUGH PROTECTION
6.1   Trade-through Protection
6.2   List of Trade-throughs
6.3    Inter-market Sweep Order Requirements
6.4   Systems or Equipment Failure, Malfunction or Material Delay
6.5   Locked or Crossed Orders
6.6   Trading Hours
6.7  Anti-Avoidance

PART 7 MONITORING AND ENFORCEMENT OF REQUIREMENTS SET BY A RECOGNIZED EXCHANGE AND A RECOGNIZED QUOTATION AND TRADE REPORTING SYSTEM
7.1 Requirements for a Recognized Exchange
7.2 Agreement between a Recognized Exchange and a Regulation Services Provider
7.3 Requirements for a Recognized Quotation and Trade Reporting System
7.4 Agreement between a Recognized Quotation and Trade Reporting System and a Regulation Services Provider
7.5 Co-ordination of Monitoring and Enforcement

PART 8 MONITORING AND ENFORCEMENT REQUIREMENTS FOR AN ATS
8.1 Pre-condition to Trading on an ATS
8.2 Requirements Set by a Regulation Services Provider for an ATS
8.3 Agreement between an ATS and a Regulation Services Provider
8.4 Agreement between an ATS and its Subscriber
8.5 [Repealed]

PART 9 MONITORING AND ENFORCEMENT REQUIREMENTS FOR AN INTER¬DEALER BOND BROKER
9.1 Requirements Set by a Regulation Services Provider for an Inter-Dealer Bond Broker
9.2 Agreement between an Inter-Dealer Bond Broker and a Regulation Services Provider
9.3 Exemption for an Inter-Dealer Bond Broker


PART 10 MONITORING AND ENFORCEMENT REQUIREMENTS FOR A DEALER EXECUTING TRADES OF UNLISTED DEBT SECURITIES OUTSIDE OF A MARKETPLACE
10.1 Requirements Set by a Regulation Services Provider for a Dealer Executing Trades of Unlisted Debt Securities Outside of a Marketplace
10.2 Agreement between a Dealer Executing Trades of Unlisted Debt Securities Outside of a Marketplace and a Regulation Services Provider
10.3 [Repealed]

PART 11 AUDIT TRAIL REQUIREMENTS
11.1 Application of this Part
11.2 Audit Trail Requirements for Dealers and Inter-Dealer Bond Brokers
11.3 Transmission in Electronic Form

PART 12 EXEMPTION
12.1 Exemption

PART 13 EFFECTIVE DATE
13.1 Effective Date