Investor Alert:
CIRO is issuing a warning to Canadian investors regarding Canada Token Trade.
Recent amendments to the Universal Market Integrity Rules and Dealer Member Rules (Amendments1 ), once implemented, will require Dealer Members to include client identifiers and/or certain designations on:
The Amendments become effective on:
We struck an implementation committee composed of representatives from Dealer Members, vendors and marketplaces and have been working with them to determine the best approach to implement certain aspects of the Amendments.
To ensure Dealer Members and other interested parties receive implementation information in a convenient and timely manner, we created a section on the IIROC website that is dedicated to the implementation of the Amendments. The information in this section will be updated throughout the implementation period and Dealer Members are encouraged to refer to it regularly to obtain up-to-date implementation information. Where possible, we indicate the date on which we added or changed the information in this section.
We include a “Frequently Asked Questions” (FAQs) section where IIROC staff provides further information and clarity on the Amendments to assist Dealer Members with implementation. Please note that the FAQ responses only represent the views of IIROC staff. These responses do not constitute rules or requirements and have not been approved by the IIROC Board or the Canadian Securities Administrators.
You can access this area of our website at:
https://www.iiroc.ca/client-identifiers
For more information, please contact:
Theodora Lam
Senior Policy Counsel
Market Regulation Policy
Tel: 416-646-7280
Email: [email protected]