LedgerEdge Limited – s. 144

Headnote

Subsection 144(1) of the Act -- Application for an order revoking an order issued June 22, 2022 pursuant to Section 15.1 of NI 21-101, Section 12.1 of NI 23-101 and Section 10 of NI 23-103 (together, the Marketplace Rules), exempting LedgerEdge Limited from the application of the Marketplace Rules.

Statutes and Instruments Cited

Securities Act, R.S.O. 1990, c. S.5, s. 144.

National Instrument 21-101 Marketplace Operation, s. 15.1.

National Instrument 23-101 Trading Rules, s. 12.1.

National Instrument 23-103 Electronic Trading and Direct Access to Marketplaces, s. 10.

February 26, 2024

IN THE MATTER OF THE SECURITIES ACT, R.S.O. 1990, CHAPTER S.5, AS AMENDED (the OSA) AND IN THE MATTER OF LEDGEREDGE LIMITED

REVOCATION ORDER (Section 144 of the OSA)

WHEREAS the Ontario Securities Commission (Commission) issued an order (the 2022 Order) dated June 22, 2022

a. pursuant to Section 15.1(2) of National Instrument 21-101 -- Marketplace Operation ("NI 21-101"),

b. pursuant to Section 12.1(2) of National Instrument 23-101 -- Trading Rules ("NI 23-101"), and

c. pursuant to Section 10(2) of National Instrument 23-103 -- Electronic Trading and Direct Electronic Access to Marketplaces

exempting LedgerEdge Limited (LedgerEdge) from the application of all provisions of NI 21-101, NI 23-101, and NI 23-103 that apply to a person or company carrying on business as an alternative trading system (ATS) in Ontario;

AND WHEREAS LedgerEdge notified the Commission that on or about July 31, 2023 LedgerEdge was placed into administration and is no longer carrying on business;

AND WHEREAS there is currently no trading activity on the LedgerEdge platform and LedgerEdge has ceased carrying on business as an ATS in Ontario;

AND WHEREAS LedgerEdge has no physical presence in Ontario and does not otherwise carry on business in Ontario:

AND WHEREAS the Chief Executive Officer of the Commission made an application under section 144 of the Act requesting an order to revoke the 2022 Order;

AND WHEREAS in the Commission's opinion, the revocation of the 2022 Order would not be prejudicial to the public interest;

THE COMMISSION hereby revokes the 2022 Order pursuant to section 144 of the OSA.

Dated February 26th, 2024.