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BCN 2010/23 Adoption of Amendments to National Instrument 24-101 [BCN]

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Published: 2010-06-30

Related Documents

Document
BC Reg 222/2010

Concurrently Published

Document
24-101 24-101 Institutional Trade Matching and Settlement [NI - Rescinded]
24-101CP 24-101CP Institutional Trade Matching and Settlement [CP - Rescinded]
24-101F1 24-101F1 Registered Firm Exception report of Dap/Rap Trade Reporting and Matching [F - Rescinded]
24-101F2 24-101F2 Clearing Agency Quarterly Operations Report of Institutional Trade Reporting and Matching [F]
24-101F3 24-101F3 Matching Service Utility Notice of Operations [F]
24-101F4 24-101F4 Matching Service Utility Notice of Cessation of Operations [F]
24-101F5 24-101F5 Matching Service Utility Quarterly Operations Report of Institutional Trade Reporting and Matching [F]

Substance and purpose of the Instrument
Effective July 1, 2010, the Commission, together with other Canadian Securities Administrators, is adopting amendments to National Instrument 24-101 Institutional Trade Matching and Settlement and its related companion policy and forms (the amendments).

The amendments indefinitely defer the midnight on T requirement for institutional trade matching. They maintain the current requirement to match institutional trades by no later than noon on the business day following trade date (noon on T+1).

The amendments also change the documentation requirement, the provisions governing non-western hemisphere client trades and certain definitions and other provisions.

Prior publications
We published the amendments for comment on October 30, 2009 (BCN 2009/30). We provided advance notice of the rule on April 16, 2010 (BCN 2010/16).

Questions
You may refer questions to:

Mark Wang
Manager, Legal Services
British Columbia Securities Commission
(604) 899-6658
(800) 373-6393 (toll free across Canada)
mwang@bcsc.bc.ca


June 28, 2010


Brenda M. Leong
Chair


Ref:National Instrument 24-101 Institutional Trade Matching and Settlement
Companion Policy 24-101CP Institutional Trade Matching and Settlement
BCN 2009/30 Notice and Request for Comments Proposed Amendments to National Instrument 24-101 Institutional Trade Matching and Settlement; Forms 24-101F1, 24-101F2 and 24-101F5; and Companion Policy 24-101CP Institutional Trade Matching and Settlement
BCN 2010/16 Advance Notice of Amendments to National Instrument 24-101 Institutional Trade Matching and Settlement



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.