Acts and Regulations

S-5.5 - Securities Act

Section 37
Disposition versions

Full text
Designated exchange
37(1)Where a person is not carrying on business as an exchange, but is carrying on business as a quotation and trade reporting system, or is otherwise facilitating trading in securities or derivatives, the Commission may, if in the opinion of the Commission it is in the public interest, order that
(a) the person is an exchange for the purposes of this Act and the regulations, and
(b) the person shall not carry on business as a quotation and trade reporting system, or otherwise facilitate trading in securities or derivatives, unless the person is recognized by the Commission as an exchange under paragraph 35(1)(a).
37(2)An order under subsection (1) may be made on the application of an interested person or on the Commission’s own motion.
2013, c.43, s.9
Designated exchange
37(1)Where a person is not carrying on business as an exchange, but is carrying on business as a quotation and trade reporting system, or is otherwise facilitating trading in securities, the Commission may, if in the opinion of the Commission it is in the public interest, order that
(a) the person is an exchange for the purposes of this Act and the regulations, and
(b) the person shall not carry on business as a quotation and trade reporting system, or otherwise facilitate trading in securities, unless the person is recognized by the Commission as an exchange under paragraph 35(1)(a).
37(2)An order under subsection (1) may be made on the application of an interested person or on the Commission’s own motion.