Investor Alert:
CIRO is issuing a warning to Canadian investors regarding Canada Token Trade.
The amendments related to client identifiers become effective July 26, 2021 (Amendments1 ). As of this date, Dealer Members must include client identifiers and/or certain designations on each order in a listed security sent to a marketplace that is regulated by IIROC.
As of April 5, 2021, Dealer Members can send orders with the new information to a marketplace on a voluntary basis, which would allow Dealer Members and their vendors to test the functionality before full implementation on July 26.
Dealer Members must take all appropriate steps to ensure full compliance with the requirements by July 26, 2021. At this point in time, we expect that Dealer Members are well underway with their implementation efforts, and have identified the steps it needs to take to ensure compliance by July 26, 2021.
The steps that a Dealer Member must consider may include:
Dealer Members can access a number of resources to assist them as they prepare for the implementation of these requirements on IIROC’s website. It is incumbent on Dealer Members to ensure they understand how the Amendments apply to their business and are able to fully comply with the new requirements effective July 26, 2021.
Please direct questions with respect to the implementation of the Amendments to [email protected].