Large open position reporting

In an effort to automate as well as increase confidentiality and security to the reporting process for large open positions in derivative instruments listed on Bourse de Montréal Inc. (the Exchange), the Regulatory Division of the Exchange, in collaboration with the Information Technology Solutions Department of the Exchange, has developed and implemented an automated and secure reporting solution known as LOPR.

Hereunder you will find links to circulars, technical notices and technical documents issued by the Exchange in connection with the LOPR project.

Please ensure that all impacted personnel from your firm have been registered to receive communications and updates regarding this project. To register, send an email to indicating your contact details, company, and area of interest (e.g. business operations or technical support, trading, clearing, market data, compliance, etc.).

For general information about the project, please contact us at

LOPR circulars

Date No Title
2017-10-05 141-17 Position Limits, Stock and Trust Unit Options, Exchange Traded Fund Unit Options, Sector Index Options, Index Options, Currency Options
2017-09-15 131-17 Position Limits – Futures Contracts and Options on Futures Contracts
2017-09-01 124-17 Regulatory Guidance on Reports Related to the Accumulation of Large Open Positions (“LOPR”) and Special Inspection on LOPR by the Regulatory Division

Technical notices

Date No Title
2013-03-25 003-13 LOPR Project - Self Certification Authorization by the Autorité des marchés financiers (AMF)
2013-02-21 002-13 LOPR Regulatory Requirements Guide for Canadian and Foreign Approved Participants
2012-06-13 010-12 LOPR Project - Technical document: LOPR Password Security Protection - Three (3) attempts

Technical documents

Date Title
2016-05-03 LOPR Portal - User Guide
2015-09-30 LOPR Regulatory Requirements Guide - v1.4
2012-04-30 LOPR Production ID Request Form