Investor Alert:
CIRO is issuing a warning to Canadian investors regarding Canada Token Trade.
New Self-Regulatory Organization of Canada (New SRO) is proposing amendments to the Universal Market Integrity Rules (UMIR) and Investment Dealer and Partially Consolidated Rules (IDPC Rules) (collectively, the Proposed Amendments) to facilitate the investment industry’s move from a trade date plus two business days (T+2) settlement cycle to a trade date plus one business day (T+1) settlement cycle.
The primary objective of the Proposed Amendments is to ensure that the New SRO’s requirements support the investment industry’s move to T+1 settlement.
The Proposed Amendments:
Date opened: April 20, 2023
Date closed: June 19, 2023
Status: Concluded