Friday January 15 2016

News Source: Global Exchanges

Focus: Trading Rules

Type: General




The Rules and Policies Committee and the Special Committee of the Regulatory Division of Bourse de Montréal Inc have approved amendments to Rule Six, Rule Seven and Rule Nine, as well as the abrogation of Policy C-3 of the Rules and Policies of the Bourse. The purpose of the proposed amendments and abrogation is to remove from its regulation all provisions which are no longer relevant as a result of the Bourse’s withdrawal from the field of financial compliance regulation.

More specifically, the following amendments have been made:

  • Abrogation of policy c-3 – joint regulatory financial questionnaire and report;
  • Amendments to Articles 6005 and 6654 of rule six regarding transactions in over-the-counter options and reports relating to such transactions;
  • Abrogation of articles 7202 to 7228 of rule seven regarding margin and capital requirements for securities other than derivatives, and consequential amendments to articles 7005, 7151, 7152, 7157 and 7201;
  • Abrogation of various provisions of rule nine regarding margin and capital requirements for derivatives, and consequential amendments to the articles being retained;

The amended Rules and Policies become effective on 14th January 2016 after market close.

Click on the link above for further details.