Financial and Consumer Affairs Authority of Saskatchewan

FCAA is Saskatchewan’s financial and consumer marketplace regulator.

Exemption Order 23-901 – Exemption from Certain Requirements in Part 6 of National Instrument 23-101 Trading Rules

  • Exemption Order 23-901 – Exemption from Certain Requirements in Part 6 of National Instrument 23-101 Trading Rules

    • This relief will allow Alpha Exchange Inc. to introduce amendments to its Trading Policies to implement an intentional delay on processing certain orders, commonly referred to as a “speed bump”. Under the exemption:

      • marketplaces are exempt from the requirement in Section 6.1 of NI 23-101 to establish, maintain and ensure compliance with written policies and procedures that are reasonably designed to prevent trade-throughs of offers and bids displayed on Alpha’s order book
      • market participants that enter directed-action orders are exempt from the requirement in Section 6.4 of NI 23-101 to establish, maintain and ensure compliance with written policies and procedures that are reasonably designed to prevent trade-throughs of offers and bids displayed on Alpha’s order book

      The exemption comes into effect on September 21, 2015 and expires the earlier of the date when NI 23-101 is amended to account for speed bumps by marketplaces; or the date when 23-101 CP is amended to account for speed bumps by marketplaces.

      23_901_go_september_17_2015.pdf
    • Companion Policy91_907_companion_policy_amended_jan18_2011.pdf

Agree Term