August 31, 2026
Equities Notice 2026-021
TMX Equity Trading Notice
Upcoming Changes to Buy-In Schedule
TMX Equities would like to inform Participants of upcoming changes to the daily Buy-In Schedule (the "Buy-In Schedule") on each of the Toronto Stock Exchange ("TSX") and TSX Venture Exchange ("TSXV"), effective September 14, 2026.
These changes are being made in response to a request from the Canadian Depository for Securities ("CDS") to revise the timing of the Buy-In Schedule.
Amendments to each of the TSX and TSXV Rule Books related to the Buy-In Schedule will become effective September 14, 2026. The Notice of Housekeeping Amendments for each of TSX and TSXV can be found here.
Summary of Amendments to the Buy-In Schedule
The daily Buy-In cut-off and execution time will be 2:30 PM ET (previously 3:00 PM ET).
Notification of Buy-In executions to issuing Participants and CDS will occur by 3:00 PM ET (previously 3:30 PM ET).
The table below provides the updated daily timeline and procedural workflow for Buy-Ins on TSX and TSXV that will become effective on September 14, 2026:
| TIME (ET) | Procedures |
| 12:30 PM (1st Cycle) | TSX/TSXV receives and posts the preliminary Buy-In list. POs / Members have the opportunity to provide liquidity by submitting Buy-In orders. |
| 2:00 PM (2nd Cycle) | TSX/TSXV receives and posts the final Buy-In list. This list identifies the remaining securities that still need to be delivered. |
| 2:30 PM (Cut-off) - Previously 3:00 PM | Cut-off for accepting, cancelling, or extending Buy-In orders. Uncancelled Buy-Ins are executed by TSX and TSXV at this time for same-day cash delivery. |
For more information regarding this notice, please contact TMX Equities Operations.
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