Market Regulation Services Inc. has been recognized as a self-regulatory organization in Alberta. The company’s proposed “Universal Market Integrity Rules” have also been approved.

On February 13, the Alberta Securities Commission recognized RS as an SRO. It has also been recognized in Ontario, Quebec, BC and Manitoba. RS will operate as a regulation services provider under the alternative trading system rules and will administer and enforce trading rules for the marketplaces that retain its services.

The recognizing regulators have issued orders recognizing RS with terms and conditions based on recognition criteria. They have also established an oversight program for RS under a memorandum of understanding. The MOU includes a joint protocol for the review and approval of rules, the filing of significant changes to RS operations, and the performance of examinations of its regulation services.

On October 12, the commissions published a notice and request for comments on RS’ application for recognition as an SRO.