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The BCSC has the statutory power to recognize stock exchanges. This recognition allows the exchanges to operate and sets out the terms and conditions under which the exchanges are regulated. The BCSC currently recognizes TSX Venture Exchange Inc.

The BCSC has given TSX Inc., Alpha Exchange Inc, the Canadian Trading and Quotation System Inc. (CNQ) and the NASDAQ Stock Market, Inc. exemptions from recognition as exchanges.

Oversight of Exchanges and Quotation and Trade Reporting Systems - Memorandum of Understanding