CA/CSA & IIROC Seek Feedback on Short Selling

Deborah
- Jan 17, 2023

On December 8, 2022, the Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) published for comments Staff Notice 23 – 329 – Short Selling in Canada.

The Staff Notice revisits the current regulatory requirements and related initiatives with respect to short selling. Questions that should be considered by stakeholders touch various topics, including:

Tick test
Short selling and pre-borrow requirements
IIROC’s Extended Failed Trades requirements
Transparency of short selling positions
Buy-in and close-out requirements

Comments must be submitted in writing on or before March 8, 2023.

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