Proposed Amendments Respecting the Codification of Certain Universal Market Integrity Rules (UMIR) Exemptions – Request for Comment – Investment Industry Regulatory Organization of Canada (IIROC)

Market Regulation Document Type
IIROC rule review

REQUEST FOR COMMENT

INVESTMENT INDUSTRY REGULATORY ORGANIZATION OF CANADA (IIROC)

PROPOSED AMENDMENTS RESPECTING 
THE CODIFICATION OF CERTAIN UNIVERSAL MARKET INTEGRITY RULES (UMIR) EXEMPTIONS

IIROC is publishing for comment proposed amendments to UMIR that would codify new exemptions to allow Participants to trade a listed security:

  • off-marketplace during a statutory resale restriction where the trading is permitted pursuant to a prospectus exemption
  • on a foreign organized regulated market during a regulatory halt where a cease trade order (CTO) is in effect and the trading is permitted pursuant to meeting specified conditions set out in the CTO.

A copy of the IIROC Notice including the text of the proposed amendments is also published on our website at www.osc.ca. The comment period ends on July 13, 2022.