BCN 2009/35 Memorandum of Understanding for Oversight of Exchanges and Quotation and Trade Reporting Systems [BCN]

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Published: 2009-12-18

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MOU Respecting Oversight of Exchanges and Quotation and Trade Reporting Systems

The Commission is publishing a revised memorandum of understanding between the Canadian Securities Administrators for exchange and quotation and trade reporting system oversight. It replaces an earlier MOU signed on September 3, 2002.

Like the previous MOU, the revised MOU uses a lead regulator model. The lead regulator is responsible for coordinating the oversight program for an exchange or QTRS. Appendix A to the revised MOU lists the lead, exempting and participating regulators for each exchange. As indicated on the List of Exchanges, there is currently no exempting regulator for ICE Futures Canada Inc. However, this is a temporary situation since this exchange has filed for an exemption from the requirement to be recognized as an exchange in some jurisdictions.

The BCSC signed the MOU on September 4, 2009 and it will be effective January 1, 2010.

You may refer questions to:

Doug MacKay
Manager, SRO Oversight
Capital Markets Regulation
British Columbia Securities Commission
Tel: 604 899 6609 or 1-800-373-6393
Email:  dmackay@bcsc.bc.ca

December 18, 2009

 


Brenda M. Leong
Chair

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