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

IIROC rule review
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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.