Trade Matching Statement
National Instrument 24-101-Institutional Trade Matching and Settlement was established by the Ontario Securities Commission (OSC) and became effective April 2007. The purpose of the instrument is to ensure that market participants establish, maintain and enforce policies and procedures designed to achieve matching of institutional trades by no later than the end of the day on which the trade was executed (same-day matching) by July 1st, 2008. The instrument requires that trade-matching parties cannot execute trades unless each trade-matching party has either entered into a trade matching agreement or provide a trade matching statement by October 1, 2007. The trade matching statement confirms that the trade-matching party has established policies and procedures designed to achieve timely matching. MFC Global Investment Management (Canada), the Investment Manager, has signed a trade matching statement which can be viewed by clicking the link below.