Notice

Commission Regulations Amending NI 21-102 and 23-101 Come into Force on May 20, 2004

 On May 20, 2004 The Securities Commission (Adoption of National Instruments) Amendment Regulations, 2004 (No. 4) came into force.  The regulations amended the following instruments:   

1. National Instrument 21-101 Marketplace Operations; and

2. National Instrument 23-101 Trading Rules.

In summary the amendments:

• allow information on orders and trades to be sent to an information vendor that meets the standards set by a regulation services provider;

• delete the concept of "market integrator" and focus on ensuring compliance with best execution requirements for dealers and fair access requirements for marketplaces; and

• provide an exemption from the transparency requirement for three years with respect to options.

May 25, 2004 

Contact:

Barbara Shourounis
Director
Securities Division
Saskatchewan Financial Services Commission
(306) 787-5842
bshourounis@sfsc.gov.sk.ca