Quota Exchange

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September Quota Exchange Now Complete

3,230 Layer Quota from the Vancouver Island region was offered on the September British Columbia Provincial Quota Exchange. On September 6, 2017 the quota was distributed to eligible applicants in accordance with Schedule 8 of the BCEMB Consolidated Orders.  A summary of the quota distribution can be found at the here. PWC observed the quota exchange process on September 6, 2017 and issued a letter stating that all provincial quote exchange rules were followed. 

The BCEMB Consolidated Orders pertaining to the exchange can be found in Schedule 8.

June 8 – August 1, 2017 - Accept offers for sale (COMPLETE)
August 2, 2017 - Notice of total quota offered for sale posted on the Quota Exchange page (COMPLETE)
August 2 – September 5, 2017 - Accept offers to buy (COMPLETE)
September 5, 2017 - All offers to buy, including the 10% deposit, must be received by the Board office no later than 4:00 pm (COMPLETE)
September 6, 2017 - Run the exchange, post results on the website (COMPLETE)
October 4, 2017 - Quota transfers to occur

Beginning October 4, 2017 BCEMB will begin accepting offers for sale for the December 2017 Quota Exchange.

The market clearing price for the quota exchange on December 6, 2017 will be $360.00 for each unit of Layer Quota. The offer to buy fill rate on the September 2017 Quota Exchange was 50% for the Vancouver Island, and 24% with all potential buyers considered. The conditions required for an increase to the market clearing price specified in Schedule 8 of the BCEMB consolidated orders were not met on this exchange as less than 1.5% of BCEMB’s total allocated quota (45,136) was available for purchase on this exchange. As a result the price per unit on the December 6, 2017 exchange will remain $360.00.

The quota units are distributed as per the procedures found in Schedule 8 of the Consolidated Orders. Per Schedule 8 rule 1. (8) Quota must first be offered to Prospective Transferors within the Transferees region. 

The BCEMB is to run the pilot exchange on a quarterly basis, with the exchanges occurring on March, June, September, and December, 2017. Offer to sell will be accepted up until 28 days before the date on which the requested Provincial Quota Exchange is to be held.

If you have any question or comments regarding the pilot quota exchange or the review process, please contact Joey Aebig, Manager of Operations & Logistics.

Offer for Sale

Offer for Purchase

Past Exchanges

NOTIFICATION OF SUCCESSFUL EXCHANGE - March 1, 2017

MNP observed the quota exchange process on March 1, 2017 and issued a letter stating that all provincial quote exchange rules were followed.

NOTIFICATION OF SUCCESSFUL EXCHANGE - DECEMBER 7, 2016 

MNP observed the quota exchange process on December 7, 2016 and issued a letter stating that all provincial quote exchange rules were followed.

NOTIFICATION OF SUCCESSFUL EXCHANGE - March 2, 2016  

Information on Exchange Process:

Quota Exchange Review Process

February 2016 - Quota Management Tools Review

Quota Management Tools Review Decision Sheet

Quota Management Tools Survey Summary January 2016