Notice of Commission Approval: IIROC UMIR Amendments Relating to Order Protection Rule
INVESTMENT INDUSTRY REGULATORY
ORGANIZATION OF CANADA (IIROC)
IMPLEMENTATION OF THE
ORDER PROTECTION RULE
NOTICE OF COMMISSION APPROVAL
The Ontario Securities Commission approved proposed amendments to the Universal Market Integrity Rules (UMIR). In addition, the British Columbia Securities Commission did not object to, and the Alberta Securities Commission, the Autorité des marchés financiers, the Saskatchewan Financial Services Commission, the Nova Scotia Securities Commission and the New Brunswick Securities Commission approved the proposed amendments. The objective of the amendments is to make changes to UMIR that are consequential to the implementation of the Order Protection Rule found in National Instrument 23-101 Trading Rules.
The proposed amendments were published for comment on November 13, 2009, at (2009) 32 OSCB 9565. A summary of the comments and IIROC’s responses and a copy of the approved amendments are included in Chapter 13 of this Bulletin.