Industry

CANADIAN SECURITIES EXCHANGE

Proposed Fee Change

Monthly Tier Credits – Top of Book

NOTICE AND REQUEST FOR COMMENTS

CNSX Markets Inc. (“CSE”) is publishing proposed fee changes regarding monthly fee credits – top of book (“Fee Change”) in accordance with s. 6(a) of Appendix C (“Process for the Review and Approval of Rules and Information Contained in Form 21-101F1 and the Exhibits Thereto”) of the CSE Recognition Order, as amended and s. 3.2(2) of National Instrument 21-101 Marketplace Operation.

The Fee Change will provide monthly tier credits to traders that have placed orders reaching a stated target percentage of time at the NBBO on a per symbol basis.  The monthly tier credits are calculated on all of the trader’s eligible passive tradesfor that symbol for the month.

A copy of the CSE Notice is published on our website at www.osc.gov.on.ca.