TORONTO, Sept. 20, 2024 /CNW/ – The securities regulatory authorities of Alberta, Saskatchewan, Manitoba, Ontario, Quebec, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland and Labrador, Nunavut, Northwest Territories and Yukon and the Canadian Investment Regulatory Organization (CIRO) today provided an update on their work related to the recent rule changes announced by the United States Securities and Exchange Commission (SEC). These rule changes follow the SEC consultations launched on December 14, 2022, on four proposals to change certain fundamental elements of U.S. market structure (SEC Proposed Amendments).
On September 18, 2024, the SEC announced its final rules with respect to two elements of the SEC Proposed Amendments, specifically (i) minimum pricing increments applicable to all trading and quoting of National Market System (NMS) stocks equal to or greater than USD $1.00 per share, and (ii) reduced access…
