Clients who trade derivatives over the Bourse might be interested in proposals released in late May to amend Part 4 of the Rules of the Bourse that relate to its regulatory functions, including investigations, enforcement, and disciplinary actions. The proposed changes are intended to promote a robust regulatory framework by codifying current practices and enhancing the rules, where warranted, with best practices currently followed by other SROs and exchanges. For example, some of the changes relate to the general powers of the division to request information and the obligation of persons subject to information requests, as well as clarifying the steps required to initiate disciplinary proceedings and hearings, including summary proceedings in urgent circumstances. Comments are due on the proposal by July 26, 2021.

June 30, 2021