January 05, 2007 09:59 ET

Canadian Trading and Quotation System Inc.: Notice 2007-001-Repeal of Rule 10-Sales Practices

TORONTO, ONTARIO--(CCNMatthews - Jan. 5, 2007) - On December 22, 2006 the Ontario Securities Commission approved CNQ's proposed repeal of Rule 10 - Sales Practices. The repeal is effective immediately.

On August 21, 2006 the Investment Dealers Association published Member Regulation Notice MR0418 - Improper Sales Practices. The IDA Notice was issued as a reminder to IDA Members that such practices, in any market, are contrary to IDA By-law 29.1 in general, and to other specific provisions of the By-laws and Regulations, specifically suitability provisions.

The proposed repeal was published for comment on August 28, 2006 in CNQ Notice 2006-004. No formal comments were received.

Contact Information

  • Canadian Trading and Quotation System Inc. (CNQ)
    Mark Faulkner, Director
    Listings & Regulation
    (416) 572-2000 x2305