Adoption of big regulatory changes must avoid unintentional harm

The Montreal Exchange’s (MX) regulatory division has revealed its compliance priorities for 2017, which include plans to target manipulative and deceptive trading; firms’ compliance and supervisory obligations, including their duty to oversee clients with direct electronic access; and accurate reporting of firms’ derivatives positions.

“These priorities will guide the division’s initiatives in the development of its regulatory policy and its examination, analysis, investigation and enforcement activities,” the MX’s regulatory division states.

At the same time, the MX’s regulatory division aims to foster a culture of transparency and openness with market participants and other stakeholders. To that end, it indicates that it will soon create an industry advisory group to facilitate the exchange of ideas and insights on regulatory issues, as well as feedback on rule proposals and guidance.

“The vision of the regulatory division is to establish a culture of partnership and collaboration with all stakeholders in promoting and protecting Canadian derivatives markets,” it says.

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