Canadian securities regulators publish next steps to facilitate access to real-time market data

Summary:

The Canadian Securities Administrators (CSA) has published Staff Notice 21-334, outlining the next steps to facilitate access to real-time market data (RTMD) for market participants, investors, and their advisors. The notice summarizes comments received on the consultation paper and outlines the CSA's plans to enhance transparency, including implementing an enhanced transparency regime for RTMD fee proposals. The CSA has also identified areas for further study, including reconsidering the data fees methodology, assessing access to consolidated RTMD by retail investors, and standardizing terms and definitions. Industry stakeholders interested in participating in an industry committee to review the data fees methodology are invited to submit their intention in writing by May 31, 2024.