Notice of Commission Approval - Amendments Respecting the Trading of Derivatives on a Marketplace

The Ontario Securities Commission has approved IIROC’s proposed amendments to the Universal Market Integrity Rules (UMIR) to regulate the trading of listed derivatives on a marketplace for which IIROC acts as the regulation service provider (Amendments).  The Amendments help to provide a regulatory framework for the trading of listed derivatives on a marketplace that strengthens market integrity and investor protection.

IIROC originally published the Amendments for comment on October 8, 2020.  Seven comment letters were received.  IIROC has made non-material changes to the Amendments in response to comments received.  A summary of the public comments and IIROC’s responses to those comments, as well as the IIROC Notice of Approval/Implementation, including text of the Amendments, can be found at www.osc.ca.

The Amendments will be effective on December 14, 2022, being 90 days after the publication of the Notice of Approval/Implementation.

In addition, the Alberta Securities Commission; the Autorité des marchés financiers; the British Columbia Securities Commission; the Financial and Consumer Affairs Authority of Saskatchewan; the Financial and Consumer Services Commission of New Brunswick; the Manitoba Securities Commission; the Northwest Territories Office of the Superintendent of Securities; the Nova Scotia Securities Commission; the Nunavut Securities Office; the Office of the Superintendent of Securities, Service Newfoundland and Labrador; the Office of the Yukon Superintendent of Securities; and the Prince Edward Island Office of the Superintendent of Securities have either not objected to or have approved the Amendments.