| THE COMMODITY FUTURES ACT | ) |
Order No. 3162 |
) |
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| Section 14(1) | ) |
November 29, 2000 |
WINNIPEG COMMODITY EXCHANGE
WHEREAS:
(A) The Winnipeg Commodity Exchange ("WCE") has applied to the Manitoba Securities Commission (the "Commission") for recognition as a self-regulatory organization in Manitoba under subsection 14(1) The Commodity Futures Act (the "Act");
(B) The WCE has represented to the Commission that:
1. WCE is incorporated pursuant to The Commodity Exchange Act S.M. 1996, c.35;
2. The WCE carries on business as a commodity futures exchange in Manitoba and is registered as a commodity futures exchange pursuant to the Act;
3. The WCE has procedures for processing and screening applicants for membership and has admission standards against which all applicants are measured;
4. WCE admission standards include proficiency standards, infrastructure and capital requirements for certain categories of members;
5. The rules of the WCE regulate the standards and business conduct of its members; and
6. The WCE is in compliance with the Act and is able to continue to be in compliance with the Act, regulations and rules.
(C) Commission staff have reviewed the application filed and the representations made by WCE and have recommended that WCE be recognized as a self-regulatory organization in Manitoba;
(D) The Commission is of the opinion that it is in the public interest to grant this order.
IT IS ORDERED:
1. THAT, pursuant to subsection 14(1) of the Act, the WCE is recognized as a self-regulatory organization.
BY ORDER OF THE COMMISSION
Director