Unofficial Consolidation: OSC Rule 35-503 Trades by Certain Members of the Toronto Stock Exchange
Unofficial Consolidation: OSC Rule 35-503 Trades by Certain Members of the Toronto Stock Exchange
Ontario Securities Commission
Rule 35-503
Unofficial consolidation current to 1997-09-04.
This document is not an official statement of law or policy and should be used for reference purposes only.
Any forms referenced in this document are available separately on the Ontario Securities Commission website.
OSC Rule 35-503
Trades By Certain Members of the Toronto Stock Exchange
Contents
PART 1
Definitions
Definitions
1.1 In this Rule
"extra-provincial member" means a person or company that is a member of the TSE and that does not have an office in Ontario;
"remote access trade" means a trade in a security in Ontario executed on the TSE by using a computer terminal that provides access to the trading systems of the TSE from outside of Ontario; and
"TSE" means The Toronto Stock Exchange.
Part 2
Registration Exemption
Registration Exemption
2.1 Section 25 of the Act does not apply to a remote access trade by an extra-provincial member or by a partner, officer or employee of an extra-provincial member if at the time of the remote access trade
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- the extra-provincial member is registered with a Canadian securities regulatory authority other than the Commission;
- the extra-provincial member has delivered to the Canadian securities regulatory authorities with which the extra-provincial member is registered the financial statements that they then require the extra-provincial member to have delivered;
- the extra-provincial member has filed with the SROs of which the extra-provincial member is a member the financial statements that they then require the extra-provincial member to have filed;
- the membership of the extra-provincial member in the TSE is not suspended and the extra-provincial member is not being deprived of any of the rights and privileges of membership by the TSE;
- the partner, officer or employee of the extra-provincial member effecting the trade is registered with a Canadian securities regulatory authority with which the extra-provincial member is then registered; and
- the only residents of Ontario with whom the extra-provincial member and the partners, officers or employees of the extra-provincial member trade are partners, officers or employees of members of the TSE who are registered under the Act.