ICE NGX Canada Inc.

Suite 2610, 225 – 6

th Avenue SW

Calgary, AB

Canada T2P 1N2

ngx.com

ice.com

Weekly Notification of Rule Amendment: CFTC RULE § 40.6(d)(1)

Dear Mr. Kirkpatrick: 

Pursuant to Commission Regulation 40.6(d), ICE NGX Canada Inc. (“ICE”) submits this Weekly 

Notification of the following rule amendments issued during the week of June 6, 2023.

Summary of Amendments

Article or 

Schedule

Amendments Effective Date

Terms and Conditions

ICE NGX has made non-substantive and non-material 

amendments to the ICE NGX Contracting Party 

Agreement. The amendments are “house-keeping” 

and “clean-up” in nature, including the following:

June 6, 2023

Definitions ICE NGX has made minor revisions/clarifications to the 

following definitions: “Canadian dollar”, “Confirmation”, 

“Contracting Party Affiliate”, “Credit Support Provider”, 

“Default Rate”, “EFRP Confirmation”, “Exchange’s 

Website”, “Failure to Schedule to Deliver”, “Failure to 

Schedule to Take”, “Financially Settled Futures 

Product”, “Financially Settled Futures Transaction”, 

“Futures”, “Invoice”, “Physical Settlement Date”, 

“Physically Settled Gas Futures Confirmation”, 

“Physically Settled Power Futures Confirmation”, 

“Product”, “Transmission Provider” and “U.S. dollar”.

Corresponding amendments have been made 

throughout the CPA to reflect the revisions and 

clarifications to these defined terms.

June 6, 2023

DATE: June 9, 2023

VIA DCO PORTAL

Christopher J. Kirkpatrick

Office of the Secretariat

Commodity Futures Trading Commission

Three Lafayette Centre

1155 21st St., N.W.

Washington, D.C. 20581
 

ICE NGX Canada Inc.

Suite 2610, 225 – 6

th Avenue SW

Calgary, AB

Canada T2P 1N2

ngx.com

ice.com

Various ICE NGX is adding paragraph headers for the 

paragraphs under sections 1.3, 1.4, 3.9.a, 5.14.a, and 

9.7.

June 6, 2023

Section 2.6 ICE NGX has made non-substantive and non-material 

amendments to 

• section 2.6.a., to provide greater clarity with 

respect to the Transportation System(s) 

applicable to different ICE NGX products; and

• section 2.6.h. to clarify the scope of the 

provision, by adding the word “Gas” to 

“Physically Settled Gas Futures Transaction”.

June 6, 2023

Section 3.4(g) ICE NGX has made non-substantive and non-material 

clarifying amendments to section 3.4.g.

June 6, 2023

Section 3.6 ICE NGX has made non-substantive and non-material 

clarifying amendments to section 3.6.

June 6, 2023

Sections 5.1 and 

5.3

ICE NGX has made non-substantive and non-material 

amendments for better consistency and streamlined 

drafting in sections 5.1.a.(i), 5.1.b.(i), 5.3.a.(i), and 

5.3.b.(i).

June 6, 2023

Section 5.13 ICE NGX has renumbered the subparagraphs under 

section 5.13.b.

June 6, 2023

Section 6.6 ICE NGX has consolidated “Liquidation Procedure”

and “Close-out Procedure” into a single subparagraph, 

and renumbering subsequent subparagraphs.

June 6, 2023

Section 9.7 ICE NGX has split section 9.7 into subparagraphs for 

easier readability.

June 6, 2023

Schedule “C” - Risk Management Policy

Section 10 ICE NGX has made non-substantive and non-material 

amendments to Section 10 to streamline the drafting 

and re-number the paragraphs and subparagraphs to 

better align with Schedule C and the Terms and 

Conditions.

June 6, 2023

Schedule “E” - Natural Gas Options and Gas and Power Financially Settled Futures 

Transactions
 

ICE NGX Canada Inc.

Suite 2610, 225 – 6

th Avenue SW

Calgary, AB

Canada T2P 1N2

ngx.com

ice.com

Section 3 ICE NGX has made non-substantive and non-material 

amendments to Sections 3.c., 4.a., 4.b. and 8.a. to 

harmonize with the defined terms “CAD” and 

“Canadian dollars” and “USD” and “U.S. dollars”.

June 6, 2023

Notice of Administrative Changes

Effective with the amendments summarized above, ICE NGX began posting the CPA Terms and 

Conditions and the Schedules separately on the ICE NGX website. Each of the Terms and 

Conditions and the Schedules will note the effective date of the respective document.

In addition, the CPA - i.e., all of the Terms and Conditions and the Schedules will have moved to 

a new location on the ICE NGX website, effective with the amendments summarized above. The 

Terms and Conditions and the Schedules are available under the Rules - Contracting Party 

Agreement header on the Regulation page of the ICE NGX website 

(www.ice.com/ngx/regulation). 

Please do not hesitate to contact me at 403-974-1740 or martin.mcgregor@ice.com for any 

further information the Commission or its staff may require in connection with this rule 

amendment.

Yours truly,

Martin McGregor

General Counsel & CCO

cc: Greg Abbott

President & COO