National Instrument 24 – 101 trade-matching statement
A new version of the standard National Instrument 24-101 trade-matching statement, updated by the Canadian Capital Markets Association (CCMA), is now available. The changes to the trade-matching statement from the previous version are not material. A copy of the trade-matching statement is attached to this bulletin in Attachment A.
The trade-matching statement is a written statement signed by a trade-matching party confirming it establishes, maintains and enforces policies and procedures designed to achieve matching within required timelines under National Instrument 24-101, Institutional Trade Matching and Settlement (NI 24-101). CIRO may recommend, under section 6.1 of the Companion Policy to NI 24-101, that Dealer Members use a standardized trade-matching statement . CIRO has reviewed and endorsed the trade- matching statement in Attachment A for use by its Dealer Members.
Dealer Members should now use the updated trade-matching statement for any new trade-matching counterparties. Dealer Members are not expected to re-execute trade-matching statements for existing counterparties.
Attachment A – National Instrument 24-101 trade-matching statement