The Ontario Securities Commission announced last week that it has approved amendments to the rules of the TSX and Alpha Exchange, as well as to the TMX Select Trading Policy Manual to provide for a new category of direct electronic access client. Specifically, the new category would apply to non-individuals carrying on business in a foreign jurisdiction and regulated by the foreign jurisdiction, and with securities under administration exceeding $10 million.

The new category of client is intended to accommodate potential clients that, while they may not qualify to use direct electronic access under the existing regime, will qualify to use DEA under the amendments to NI 23-103 coming into effect on March 1, 2014.