CANADA: Changes to Implementation Date for Canada Short Selling and Failed Trades

Friday May 11 2012

The Investment Industry Regulatory Organization of Canada (IIROC) has changed the implementation date for amendments to the Universal Market Integrity Rules (UMIR) respecting regulation of Canada short selling and failed trades and dark liquidity to Monday, October 15, 2012.

The implementation date for the provisions respecting regulation of Canada short selling and failed trades had previously been established as September 1, 2012; and for dark liquidity as October 10, 2012.