A relief was granted to registered dealers or advisers through a three-year moratorium from the application of section 4.1 of National Instrument 24-101 Institutional Trade Matching and Settlement (NI 24-101). 

The relief provides a three-year moratorium on the applicability of section 4.1 Exception reporting requirement of NI 24-101. Registered dealers or advisers will not be required to deliver Form 24-101F1 Registered Firm Exception Report of DAP/RAP Trade Reporting and Matching  to the participating jurisdictions beginning on July 1, 2020 and ending on July 1, 2023.

On June 15, 2023, the CSA published a temporary exemption on the applicability of section 4.1 of National Instrument 24-101 Institutional Trade Matching and Settlement (NI 24-101) for registered dealers and advisers with respect to the exception reporting requirement of NI 24-101. The CSA has implemented the relief through local blanket orders that are substantively harmonized across the country. The Blanket Orders were issued in Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, the Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Québec, Saskatchewan and Yukon.

The Blanket Orders came into effect on July 2, 2023, and will cease to be effective on the earlier of the following: (a) the effective date of the Proposed 24-101 Amendments; (b) the date that is 18 months after the date of the Blanket Orders unless extended by the participating jurisdictions.

Should you require more information, please contact your local jurisdiction or the CSA Secretariat.