CANADA: CSA and IIROC Seek Input on Canada Trade Transparency

Monday March 5 2012

The Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) have announced that they are seeking feedback from investors and market participants on appropriate disclosure and Canada trade transparency measures related to short sales and failed trades in Canada. A joint CSA and IIROC Working Group has been monitoring and reviewing international regulatory approaches to issues arising from Canada short selling and failed trades. The Working Group is seeking feedback on a range of regulatory options aimed at strengthening Canada`s regulatory regime, including enhanced disclosure of short sales and some public disclosure of failed trades. A copy of the joint CSA/IIROC Notice is available on the websites of CSA members and on IIROC’s website.

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