OneChicago, LLC – s. 8.1 of OSC Rule 13-502 Fees
IN THE MATTER OF THE SECURITIES LEGISLATION OF THE PROVINCE OF ONTARIO AND IN THE MATTER OF ONECHICAGO, LLC (the Applicant)
ORDER (Section 8.1 of Ontario Securities Commission Rule 13-502 Fees)
UPON the application by the Applicant (the Fee Exemption Application) to the Director for an order pursuant to section 8.1 of Ontario Securities Commission Rule 13-502 Fees (OSC Rule 13-502) exempting the Applicant from the requirement to pay an activity fee of $4,800 in connection with an application for an order pursuant to section 144 of the Securities Act, RSO 1990, Chapter S.5 as Amended (the OSA) for the Commission to revoke its order, dated October 14, 2016, pursuant to section 147 of the OSA and pursuant to section 80 of the Commodity Futures Act, RSO 1990, Chapter C.20 (the CFA), exempting ONECHICAGO from the requirement to be recognized as an exchange under subsection 21(1) of the OSA and from the requirement to be registered as a commodity futures exchange under subsection 15(1) of the CFA (the 2016 Order Revocation Application);
AND UPON considering the Fee Exemption Application and the recommendation of staff of the Commission;
AND UPON the Applicant having represented to the Director as follows:
1. In June 2020, the Applicant paid the Ontario Securities Commission (the Commission) the annual Exempt Exchange Participation Fee of $10,000;
2. In August 2020, the Applicant announced it was closing the exchange with September 18, 2020 as the last day of trading;
3. On September 21, 2020, the Applicant requested that the U.S. Commodity Futures Trading Commission vacate the Applicant's Designated Contract Market registration, effective December 21, 2020;
4. On October 8, 2020, the Applicant brought the 2016 Order Revocation Application.
AND UPON the Director being satisfied that to do so would not be prejudicial to the public interest;
IT IS ORDERED by the Director, pursuant to section 8.1 of OSC Rule 13-502, that the Applicant is exempted from paying an activity fee of $4,800 in connection with the 2016 Order Revocation Application.
DATED this 28th day of October, 2020
Manager, Market Regulation
Ontario Securities Commission