MX to end pandemic-related relief

The pandemic may not be over, but the regulatory accommodations adopted by the Bourse de Montréal Inc. (MX) will cease at the end of June.

Measures adopted at the onset of the pandemic, such as allowing extra time for trade reporting, will expire at the end of the month, the exchange said in a notice.

The provisions were implemented in March 2020 to make it easier for firms to comply with the exchange’s rules amid a shift to remote working and related public restrictions, and to ensure that firms were able to provide the necessary liquidity and stability amid heightened volatility.

After being extended several times, the provisions will now come to an end after the close on June 30.

After that date, firms that don’t meet the restored deadlines for trade reporting may face late filing fees.

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.