TMX - Montréal Exchange | Regulatory Division Home About About About Governance and Structure Mission and Vision Mandate and Roles Contact Us User Group Committees Compliance Forum Approval Approval Approval Approved Participants Approved Persons Clients Contact Us Requirements Requirements Requirements Position Limits Position Limits Position Limits Position Limits File FAQ – Position Limits Margin Rates Contact Us LOPR LOPR LOPR Circulars Technical Notices Technical Documents Over-the-Counter Options Regulation Regulation Regulation Guidelines Regulatory Amendments Contact Us Personal Information Policy Disciplinary Processes Disciplinary Decisions Complaints Publications Publications Publications Circulars Rules Newsletter Contact Us FAQs and Guidelines Portal Portal Portal Participant Portal Contact Us LOPR Portal Sign In Participant Portal LOPR Portal Français Montréal Exchange Regulatory Division Search... Search Search Site HOME About About Governance and Structure Mission and Vision Mandate and Roles User Group Committees Compliance Forum Contact Us Approval Approval The Division, through the Regulatory Affairs service, is responsible for approving new participants and individuals who wish to access the Bourse's electronic trading system. Approved Participants Approved Persons Clients Contact Us Requirements Requirements To assist participants in complying with the regulatory requirements of the Bourse, the Regulatory Division publishes on its site documents relating to margin requirements on futures contracts, position limits, as well as information on the reporting of large open positions (LOPR). Position Limits Position Limits File Guidelines – Position Limits Margin Rates Client and Order Identifiers LOPR Circulars Technical Notices Technical Documents Reports of Transactions in OTC Options Contact Us Regulation Regulation Guidelines Market Integrity Rules Disciplinary Procedures Disciplinary Decisions Complaints Contact Us Publications Publications Circulars Rules Reports FAQs and Guidelines Contact Us Participant Portal div" data-cycle-prev="#slider-prev" data-cycle-next="#slider-next" data-cycle-pager="#slider-pager" data-cycle-log="false"> More information More information More information Our Mandate Core Regulatory Functions Learn more Core Regulatory Functions The Division's primary regulatory functions include examinations, market analysis and investigations. Learn more Legal Affairs Learn more Legal Affairs Our role is to enforce the rules of the Bourse and to support the Division's other services in their regulatory activities. Learn more Regulatory Affairs Learn more Regulatory Affairs Our priorities are to coordinate rules amendments and policy development projects, promote compliance through outreach initiatives, provide market participants with information and resources, and process regulatory requests. Learn more Systems and Data Learn more Systems and Data Our team is dedicated to the sound management and governance of regulatory, personal and confidential data and for the technological roadmap. Learn more 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. Participant Portal Login Submit a Complaint Position Limits Margin Rates Fees AMF Oversight review report of the Regulatory Division Circulars - Subscribe Contact Us Top Capital Formation Toronto Stock Exchange TSX Venture Exchange TSX Trust TMX Newsfile Markets Montréal Exchange Toronto Stock Exchange TSX Venture Exchange TSX Alpha Exchange AlphaX US Shorcan Post-Trade CDCC CDS Insights TMX Datalinx TMX Trayport TMX VettaFi TMX Money Contact Us Terms of Use Privacy Policy Fraud Prevention X Facebook LinkedIn YouTube TMX Group Limited and its affiliates (the “TMX group of companies”) do not endorse or recommend any securities issued by any companies identified on, or linked through, this site. Please seek professional advice to evaluate specific securities or other content on this site. All content (including any links to third party sites) is provided for informational purposes only (and not for trading purposes), and is not intended to provide legal, accounting, tax, investment, financial or other advice and should not be relied upon for such advice. The views, opinions and advice of any third party reflect those of the individual authors and are not endorsed by the TMX group of companies. The TMX group of companies have not prepared, reviewed or updated the content of third parties on this site or the content of any third party sites, and assume no responsibility for such information. Copyright © 2026 TSX Inc. All rights reserved.