thats the point, they did not have to follow the Canadian laws when PHGI was not on their exchange. Now that they are (CNQ),and they are a Subsidiary of PHGI their laws apply to their trading of PHGI.(that is my understanding) IMO.
i don't think the canadian perihelion has got anything to do with rbcm going away. rbcm has stoped trading a whole bunch of other stocks at about same time. check the total monthly volume for rbcm for june=4,407,587,182 and july=63,875,868. not sure why such a dramatic drop in volume, all that high volume trading might have been inherited from clyp after they bought them out, but doubt its got anything to do with phgi or phgi canada.