OMERS NI 24-101 Statement

The National Instrument 24-101 statement is required by the Ontario Securities Commission (OSC).

“The Instrument provides a general framework in provincial securities regulation for ensuring more efficient and timely settlement processing of trades, particularly institutional trades.”
OSC Rules and Policies

The Instrument covers all parties involved in institutional trading (dealers, advisers, institutional investors and custodians) and requires them to:

• establish, maintain and enforce policies and procedures for “matching” trades by the end of the day the trade was executed;
• enter into written agreements OR exchange written statements with one another confirming that each has established these policies and procedures.