Unofficial Consolidation: Form 24-101F1 Registered Firm Exception Report of DAP/RAP Trade Reporting And Matching

Unofficial Consolidation: Form 24-101F1 Registered Firm Exception Report of DAP/RAP Trade Reporting And Matching

Forms

Ontario Securities Commission

Form 24-101F1

Unofficial consolidation current to 2017-09-05

This document is not an official statement of law or policy and should be used for reference purposes only.

Form 24-101F1

Registered FirmException Report of
DAP/RAP Trade Reporting and Matching

CALENDAR QUARTER PERIOD COVERED:

From: ___________________ to: _________________

REGISTERED FIRM IDENTIFICATION AND CONTACT INFORMATION:

  1. Full name of registered firm (if sole proprietor, last, first and middle name):
  2. Name(s) under which business is conducted, if different from item 1 :

3a.         Address of registered firm's principal place of business:

3b.         Indicate below the jurisdiction of your principal regulator within the meaning of NI 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations:

           Alberta

           British Columbia

           Manitoba

           New Brunswick

           Newfoundland & Labrador

           Northwest Territories

           Nova Scotia

           Nunavut

           Ontario

           Prince Edward Island

           Québec

           Saskatchewan

           Yukon

3c.         Indicate below all jurisdictions in which you are registered:

           Alberta

           British Columbia

           Manitoba

           New Brunswick

           Newfoundland & Labrador

           Northwest Territories

           Nova Scotia

           Nunavut

           Ontario

           Prince Edward Island

           Québec

           Saskatchewan

           Yukon

4.           Mailing address, if different from business address:

5.           Type of business: O Dealer O Adviser

6.           Category of registration:

7.            (a)         Registered Firm NRD number:

(b)          If the registered firm is a participant of a clearing agency, the registered firm's CUID number:

8.           Contact employee name:

Telephone number:

E-mail address:

INSTRUCTIONS:

Deliver this form for both equity and debt DAP/RAP trades together with Exhibits A, B and C pursuant to section 4.1 of the Instrument, covering the calendar quarter indicated above, within 45 days of the end of the calendar quarter if

(a)          Less than 90 percent of the equity and/or debt DAP/RAP trades executed by or for you during the quarter matched within the time required in Part 3 of the Instrument, or

(b)          The equity and/or debt DAP/RAP trades executed by or for you during the quarter that matched within the time required in Part 3 of the Instrument represent less than 90 percent of the aggregate value of the securities purchased and sold in those trades.

Include DAP/RAP trades in an exchange-traded fund (ETF) security in the equity DAP/RAP trades statistics. Exhibit A(1) applies only to trades in equity and ETF securities. Exhibit A(2) applies only to trades in debt and other fixed-income securities.

EXHIBITS:

Exhibit A – DAP/RAP trade statistics for the quarter

If applicable, complete Table 1 or 2, or both, below for each calendar quarter. Deadline means noon Eastern time on T+1.

(1) Equity DAP/RAP trades (includes ETF trades)

Entered into the clearing agency by deadline (to be completed by dealers only)

Matched
(to be completed by dealers and advisers)

# of trades

%

$ value of trades

%

# of trades matched

%

$ value of trades matched

%

# of trades matched by deadline

%

$ value of trades matched by deadline

%

 

 

 

 

 

 

 

 

 

 

 

 

(2) Debt DAP/RAP trades

Entered into the clearing agency by deadline
(to be completed by dealers only)

Matched
(to be completed by dealers and advisers)

# of trades

%

$ value of trades

%

# of trades matched

%

$ value of trades matched

%

# of trades matched by deadline

%

$ value of trades matched by deadline

%

 

 

 

 

 

 

 

 

 

 

 

 

 

Legend

"# of Trades" is the total number of transactions in the calendar quarter;

"$ Value of Trades" is the total value of the transactions (purchases and sales) in the calendar quarter.

Exhibit B – Reasons for not meeting exception reporting thresholds

Describe the circumstances or underlying causes that resulted in or contributed to the failure to achieve the percentage target for matched equity and/or debt DAP/RAP trades within the maximum time prescribed by Part 3 of the Instrument. Reasons given could be one or more matters within your control or due to another trade-matching party or service provider. If you have insufficient information to determine the percentages, the reason for this should be provided. See also Companion Policy 24-101 to the Instrument.

Exhibit C – Steps to address delays

Describe what specific steps you are taking to resolve delays in the equity and/or debt DAP/RAP trade reporting and matching process in the future. Indicate when each of these steps is expected to be implemented. The steps being taken could be internally focused, such as implementing a new system or procedure, or externally focused, such as meeting with a trade-matching party to determine what action should be taken by that party. If you have insufficient information to determine the percentages, the steps being taken to obtain this information should be provided. See also Companion Policy 24-101 to the Instrument.

CERTIFICATE OF REGISTERED FIRM

The undersigned certifies that the information given in this report on behalf of the registered firm is true and correct.

DATED at ________________ this ____ day of _______________ 20 ___

___________________________________________

(Name of registered firm - type or print)

___________________________________________

(Name of director, officer or partner - type or print)

___________________________________________

(Signature of director, officer or partner)

___________________________________________

(Official capacity - type or print)