Our Mandate
Bourse de Montréal Inc. (the "Bourse") is recognized by the Autorité des marchés financiers as an exchange and a self-regulatory organization pursuant to the Recognition Order. Under the terms of this decision, the Bourse is required to maintain an independent unit, the Regulatory Division (the “Division”), whose primary mission is to perform the regulatory functions and activities of the Bourse.
In accordance with this decision and the Rules of the Bourse regarding the Division (Chapter 2B), the Bourse must ensure that the Division is provided with sufficient resources and funds. Furthermore, no fines or penalties collected by or on behalf of the Division may be distributed or transferred to the Bourse for commercial purposes or for payment of dividends.
The Division funds its programs and activities (including surveillance, investigations and examinations), through distinct regulatory fees levied directly on Approved Participants of the Bourse. Regulatory fees collected are for the exclusive use of regulatory operations.