Securities Law & Instruments

Headnote

Variation of Commission Order made under section 21.2 of the Securities Act (Ontario) (Act) for recognition of LCH.Clearnet Limited to be recognized as a clearing agency.

Applicable Legislative Provisions

Securities Act, R.S.O. 1990, c. S.5, as am., s. 144.

IN THE MATTER OF
THE SECURITIES ACT,
R.S.O. 1990, CHAPTER S.5, AS AMENDED
(THE ACT)

AND

IN THE MATTER OF
LCH.CLEARNET LIMITED

VARIATION ORDER
(Section 144 of the Act)

WHEREAS on September 10, 2013, the Ontario Securities Commission (Commission) issued an order pursuant to section 21.2 of the Act recognizing LCH.Clearnet Limited as a clearing agency (Recognition Order);

AND WHEREAS on December 9, 2016 LCH.Clearnet Limited changed its name to LCH Limited (LCH);

AND WHEREAS LCH has filed an application with the Commission pursuant to section 144 of the Act to vary the Recognition Order by replacing the name “LCH.Clearnet Limited” with “LCH Limited” (Application);

AND WHEREAS LCH has represented to the Commission that:

1.             No other changes have been made, nor have any implications resulted from the name change in respect of LCH’s business structure, governance, operations nor clearing services available to Ontario-based clearing members.

AND WHEREAS based on the Application and the representations LCH has made to the Commission, the Commission has determined that it is not contrary to the public interest to vary the Recognition Order;

IT IS ORDERED by the Commission that, pursuant to section 144 of the Act, that the Recognition Order be varied by replacing any reference to “LCH.Clearnet Limited” with “LCH Limited”.

DATED this 28th day of September, 2018.

“Deborah Leckman”
Ontario Securities Commission

“Robert P. Hutchison”

Ontario Securities Commission