On January 9, 2009, the CSA, Bourse de Montréal and IIROC announced that they have decided not to proceed with the TREATS project. The project had been initiated to "investigate, design and implement a solution to facilitate compliance with Canadian securities electronic audit trail requirements introduced in National Instrument 23-101 Trading Rules." In light of the size and complexity of the project, the Regulators decided against continuing due to the uncertainty over whether enhanced market integrity would result.