Friday July 28 2017

News Source: Global Exchanges

Focus: Trading Rules

Type: General




IIROC has withdrawn from consideration for approval by the applicable securities regulatory authorities proposed amendments set out in IIROC Notice 12-0131 Provisions Respecting the Execution and Reporting of Certain “Off-Marketplace” Trades (Proposed Off-Marketplace Provisions). The Proposed Off-Marketplace Provisions were published for comment on April 13, 2012 and included proposed amendments relating to:

  • a dark rules anti-avoidance provision
  • reports for off-marketplace trades
  • an off-marketplace exemption for trades that must be completed as private or non-public transactions and are reported to IIROC.

IIROC re-published the dark rules anti-avoidance provision for comment in IIROC Notice 15- 0023 Re-publication of Proposed Dark Rules Anti-Avoidance Provision on January 29, 2015 and subsequently withdrew the dark rules anti-avoidance provision in IIROC Notice 17-0146 Withdrawal of Dark Rules Anti-Avoidance Provision. They do not intend to move forward with the other changes included in the Proposed Off-Marketplace Provisions at this time and have therefore withdrawn them from consideration for approval as well.

IIROC has informed the CSA of its withdrawal of the Proposed Off-Marketplace Provisions.

Please click on the above link for more information