THE MANITOBA SECURITIES COMMISSION MSC RULE 2006-13 (Section 149.1, The Securities Act) AMENDMENTS TO NATIONAL INSTRUMENT 23-101 TRADING RULES PART 1 – AMENDMENTS Amendments 1.1(1) This Instrument amends National Instrument 23-101 Trading Rules. 1.1(2) Part 3 is amended by repealing subsection 3.1(2) and substituting the following: "3.1(2) In Alberta, British Columbia, Ontario, Québec and Saskatchewan, instead of subsection (1), the provisions of the Securities Act (Alberta), the Securities Act (British Columbia), the Securities Act (Ontario), the Securities Act (Québec) and The Securities Act, 1988 (Saskatchewan), respectively, relating to manipulation and fraud apply." 1.1(3) Part 7 is amended by a. striking out "recognized exchange and its members" and substituting "members of a recognized exchange" in subsection 7.2(a); and b. striking out "recognized quotation and trade reporting system and its users" and substituting "users of a recognized quotation and trade reporting system" in subsection 7.4(a). 1.1(4) Part 11 is amended by a. adding subsection 11.1(2): 11.1(2) A dealer or inter-dealer bond broker is exempt from this Part if the dealer or inter-dealer bond broker complies with similar requirements, for any securities specified, established by a regulation services provider and approved by the applicable securities regulatory authority. b. in subsection 11.2(1), by striking out "Immediately following the receipt or origination of an order for securities" and substituting "Immediately following the receipt or origination of an order for equity, fixed income and other securities identified by a regulation services provider"; c. in subsection 11.2(1)(q), striking out the word "and"; d. in subsection 11.2(1)(r), striking out "an insider marker" and adding "an insider marker; and"; e. adding the following subsection 11.2(1)(s): "any other markers required by a regulation services provider.";
f. deleting subsection 11.2(5) and substituting: "Transmittal of order information 11.2(5) A dealer and inter-dealer bond broker shall record and shall transmit within 10 business days to a securities regulatory authority or a regulation services provider the information required by the securities regulatory authority or the regulation services provider, in electronic form, as required by the securities regulatory authority or the regulation services provider."; g. deleting subsection 11.2(6) and substituting the following: "Electronic form 11.2(6) The record kept by the dealer and inter-dealer bond broker under subsections (1) through (4) and the transmission of information to a securities regulatory authority or a regulation services provider under subsection (5) shall be in electronic form by January 1, 2010."; and h. adding subsection 11.2(7): "Record preservation requirements 11.2(7) A dealer and an inter-dealer bond broker shall keep all records for a period of not less than seven years from the creation of the record referred to in this section, and for the first two years in a readily accessible location."
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