OneChicago, LLC – s. 144
IN THE MATTER OF THE SECURITIES ACT, R.S.O. 1990, CHAPTER S.5, AS AMENDED (the OSA) AND IN THE MATTER OF THE COMMODITY FUTURES ACT, R.S.O. 1990, CHAPTER C.20, AS AMENDED (the CFA) AND IN THE MATTER OF ONECHICAGO, LLC (ONECHICAGO)
REVOCATION ORDER (Section 144 of the OSA)
WHEREAS the Ontario Securities Commission (Commission) issued an order dated October 14, 2016
a. pursuant to section 147 of the OSA, exempting ONECHICAGO from the requirement to be recognized as an exchange under subsection 21(1) of the OSA;
b. pursuant to section 80 of the CFA exempting OneChicago from the requirement to be registered as a commodity futures exchange under subsection 15(1) of the CFA;
c. pursuant to section 38 of the CFA exempting trades in contracts on OneChicago by a "hedger," as defined in subsection 1(1) of the CFA, from the registration requirement under section 22 of the CFA; and
d. pursuant to section 38 of the CFA exempting trades in contracts on OneChicago by a bank listed in Schedule I to the Bank Act (Canada) entering orders as principal and for its own account only from the registration requirement under Section 22 of the CFA (together, the 2016 Order);
AND WHEREAS ONECHICAGO notified the Commission that ONECHICAGO has determined to close the exchange and vacate its Designated Contract Market designation with the U.S. Commodity Futures Trading Commission;
AND WHEREAS there is currently no trading activity on the ONECHICAGO platform and ONECHICAGO has currently ceased its activities as an Exchange in Ontario;
AND WHEREAS ONECHICAGO has no physical presence in Ontario and does not otherwise carry on business in Ontario;
AND WHEREAS the Commission has determined that revocation of the 2016 Order would not be prejudicial to the public interest;
THE COMMISSION hereby revokes the 2016 Order pursuant to section 144 of the OSA.
Dated October 30, 2020.
"Mary Anne De Monte-Whelan"