The update directly regulates equity securities and ETF trading rules, including execution price thresholds and trading venue compliance, which aligns with the Strong Yes criteria for Equities (equity trading, brokerage, and settlement of stocks).
Mandatory inheritance: Equities as the primary tag requires Investment Services as the secondary tag, reflecting the asset-management and trading infrastructure dimension of equity market regulation.
Specialism
The update modifies execution price thresholds under National Instrument 23-101, which directly affects how trading venues and dealers must conduct market operations and comply with trading conduct standards.
Mandatory inheritance: Market Abuse/Market Conduct is a child of Supervision, so Supervision must be raised as the secondary tag to reflect regulatory oversight of trading conduct.
2026-04-23 19:49:55·ataylor@vixio.com
Meta Id
3092330
Content ID
3100812
GUID
59498c2054cf5bc931a4f16817b049a8
Pipeline Progress
🔄 Pipeline Journey
⏱
8s
total
✓
Queued19:49:46
+0s
✓
Metadata19:49:46
+0s
✓
S3 Content19:49:46
+1s
✓
Extracted19:49:47
+3s
✓
LLM Gen19:49:50
+4s
✓
Stored19:49:54
TITLE: British Columbia Securities Commission Amends Trading Rules on Execution Price Thresholds
BODY:
On [announcement date], the British Columbia Securities Commission (BCSC) amended National Instrument 23-101 Trading Rules to modify execution price thresholds for equity securities and exchange-traded funds (ETFs).
The amendments revise Section 6.6.1(2) to establish two distinct price-based thresholds. For securities or units with an execution price of $1.00 or greater, the threshold is set at $0.0017 per security or unit traded. For securities or units with an execution price below $1.00, the threshold is reduced to $0.0004 per security or unit traded. These thresholds apply to both equity securities and ETFs. Additionally, Section 6.6.2 has been repealed entirely as part of this regulatory update.
The amendments aim to refine the trading rules framework by differentiating requirements based on execution price levels, potentially affecting market participants engaged in equity trading and ETF transactions. The changes reflect adjustments to how trading rules are applied across different price points in the market.
The amendments come into force on November 2, 2026. Market participants, including trading venues, dealers, and other regulated entities subject to National Instrument 23-101, should review the updated thresholds and ensure compliance with the new requirements by the effective date.
REFERENCES:
British Columbia Securities Commission. National Instrument 23-101 Trading Rules Amendment. [Source document]
ANNEX A AMENDMENTS TO NATIONAL INSTRUMENT 23-101 TRADING RULES 1. National Instrument 23-101 Trading Rules is amended by this Instrument. 2. Section 6.6.1 is amended in subsection (2) by replacing paragraphs (a) and (b) with the following: (a) is greater than $0.0017 per security traded for an equity security, or per unit traded for an exchange-traded fund, if the execution price of each security or unit traded is greater than or equal to $1.00, and (b) is greater than $0.0004 per security traded for an equity security, or per unit traded for an exchange-traded fund, if the execution price of each security or unit traded is less than $1.00. 3. Section 6.6.2 is repealed. 4. This Instrument comes into force on November 2, 2026.