BCN 2010/23 Adoption of Amendments to National Instrument 24-101 [BCN]
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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.
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).
You may refer questions to:
Manager, Legal Services
British Columbia Securities Commission
(800) 373-6393 (toll free across Canada)
June 28, 2010
Brenda M. Leong
|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.