Document ID: chunk:federal_register_of_legislation:F2024C01108:reg:6:p8
Version: federal_register_of_legislation:F2024C01108
Segment Type: reg
Provision Reference: reg 6 (pt 8/8)
Character Range: 266301–268615

Information referred to in subrule (1) for a period of seven years.
(2) The Operator must take reasonable steps to ensure that Post-Trade Information it makes available under subrule (1) is and remains complete, accurate and up to date.

6.3.4A Operator to validate Post-Trade Information
(1) Without limiting subrule 6.3.4(2), an Operator that receives a report of Post-Trade Information for a transaction from a Reporting Participant under Rule 6.3.1 must have in place arrangements to determine whether the transaction as reported meets the criteria for:
(a)        the exception in subrule 6.1.1(2) relied upon by the Reporting Participant to enter into the transaction other than in accordance with subrule 6.1.1(1); and
(b)       where applicable, the exception in paragraph 6.3.1(2)(b) relied upon by the Reporting Participant to report the transaction other than in accordance with the times set out in paragraph 6.3.1(2)(a).

(2) Without limiting subrule (1), the Operator must have in place arrangements that enable the Operator to determine that the applicable criteria set out in column 3 of the following table are met in relation to each transaction of the kind set out in column 1, as follows:
(a)        for all applicable criteria in relation to a transaction, other than the criteria in items 3, 5 or 12, before accepting a report of Post-Trade Information for the transaction;
(b)       for the applicable criteria in items 3, 5 or 12, as soon as practicable after the report of Post-Trade Information for the transaction is received, and by no later than the end of the same Trading Day.

Exception relied upon by Relevant Participant                                        Item                                                                                                                                                                          Operator must determine that the following applicable criteria are met
Block Trades (see paragraph 6.1.1(2)(a))                                             1                                                                                                                                                                             For a transaction reported as a Block Trade, the consideration for the transaction meets the criteria in Rule 6.2.1