Monday October 24 2016
News Source: Global Exchanges
Focus: Other
Type: General
Country: Canada
Link: http://docs.iiroc.ca/DisplayDocument.aspx?DocumentID=17E52FEC431642918E4B910CFF40B1EE&Language=en
The Investment Industry Regulatory Organization of Canada (IIROC) has published a summary of the comments received at a roundtable discussion of market structure issues affecting small-cap issuers and outlined its next steps based on this stakeholder input.
IIROC will review the requirements and frequency of reporting of short activity to determine whether transparency can be enhanced.
In addition, IIROC will refresh a 2007 study of failed trades with a focus on small-cap issuers which may lead to further targeted work on short selling to determine if any policy steps are required.
Other themes raised at the forum include the need for securities regulations to reflect the trading differences between large cap and small-cap securities, concerns about reduced liquidity in small-cap securities, and the perception of the negative impact of short selling leading to less investor confidence and lower rates of participation in the small-cap market.
Click on the link above for further details