Defined Terms:
NI 21-101 section 1.1 – “order”
NI 21-101 section 1.4 – Interpretation – “security”
UMIR section 1.1 – “Access Person”, “derivatives market maker”, “hedge”, “Market Regulator”, “marketplace”, “Marketplace Rules”, “Marketplace Trading Obligations”, “Participant”, “Policy”, “Program Trade”, “related security”, “short sale”, “short-marking exempt order”, “Short Sale Ineligible Security” and “UMIR”
Regulatory History:
On October 15, 2008, the applicable securities commissions approved amendments to UMIR to add section 3.2 that came into force on October 14, 2008. See IIROC Notice 08-0143 – “Provisions Respecting Short Sales and Failed Trades” (October 15, 2008).
Effective August 26, 2011, the applicable securities commissions approved amendments to Rule 3.2 to replace in subsection (2) the phrase “an Exchange or QTRS in accordance with the Marketplace Rules” with “a marketplace” and to replace the phrase “applicable Market Maker Obligations” with “Marketplace Trading Obligations of that marketplace” and to replace clause (a) of subsection (3) of Rule 3.2. See IIROC Notice 11-0251 – “Provisions Respecting Market Maker, Odd Lot and Other Marketplace Trading Obligations” (August 26, 2011).
On March 2, 2012, the applicable securities commissions approved amendments to section 3.2, effective October 15, 2012, to delete the reference in clause (a) of subsection (1) to “or subclause 6.2(1)(b)(ix)” and to repeal and replace subsection (2). See IIROC Notice 12-0078 - “Provisions Respecting Regulation of Short Sales and Failed Trades” (March 2, 2012).
There is no history log for this rule.