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In October 1997, the CSA released for comment proposed National Instrument 35-301, "Conditional Exemption from Registration for United States Broker-Dealers and Agents". The proposed National Instrument provides U.S. broker-dealers and their agents with a conditional exemption from Canadian registration and prospectus requirements in order to facilitate certain cross-border trading in foreign securities between U.S. broker-dealers and their U.S. clients who are present in a Canadian jurisdiction.
- National Instrument 21-101, "Marketplace Operation", Companion Policy 21-101CP, and Forms 21-101F1-21-101F4. The proposed National Instrument is intended to provide an appropriate regulatory framework within which traditional markets, such as exchanges, and new markets, such as alternative trading systems (ATSs), can operate. The companion policy sets out guidelines dealing with the application of the instrument.
The CSA have been in the process of making certain amendments to National Instrument 13-101, "System for Electronic Document Analysis and Retrieval" (SEDAR) and to the SEDAR Filer Manual, "Standards, Procedures and Guidelines for Electronic Filing with the Canadian Securities Administrators". These amendments, which remain subject to certain approvals, include a requirement that all electronic filings via the SEDAR system be made in Portable Document Format (PDF). The adoption of the PDF filing requirements is being facilitated by the release of Version 6.0 of the SEDAR Filer Software, which was expected to be implemented on August 2, 1999.