compliance puzzle
convisum/123RF

The rise of artificial intelligence (AI) and oversight of market access are on the regulatory agenda for the Bourse de Montréal Inc. (MX).

In a notice, the derivatives exchange set out its compliance and policy priorities for the coming year.

The exchange’s compliance priorities include ensuring that firms are updating their policies and procedures to reflect regulatory reforms; establishing adequate supervisory systems; and ensuring that firms are assigning client identifiers to direct access clients.

The MX also noted that it continues to see compliance violations when it comes to firms supervising reps’ access to electronic trading.

On the policy front, the MX indicated that the risks and opportunities of AI and machine learning are among its top priorities.

The MX also said that it will be consulting with the industry on its upcoming regulatory amendment project regarding client identification requirements, and working with the industry on the Investment Industry Regulatory Organization of Canada’s proposed provisions for client identifiers.

The MX will also be working to improve its surveillance tools, among other things.