Direct electronic access amendments granted Ministerial approval

September 6, 2013

The OSC announced yesterday that amendments to NI 23-103 Electronic Trading that impose requirements on participant dealers that provide direct electronic access (DEA) have received Ministerial approval. As we discussed back in July, these amendments provide a framework for the provision of DEA by participant dealers, which includes restrictions on who DEA may be provided to as well as compliance requirements for the provision of DEA generally. The amendments come into force on March 1, 2014.

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