Alert:
Canada Post continues to operate, but with expected delays in delivery. Should a strike occur, Members must take steps to ensure that document delivery requirements prescribed under CIRO Rules continue to be met.
Part 7 - Trading in a Marketplace
Defined Terms:
NI 21-101 section 1.1 – “information processor” and “order”
NI 21-101 section 1.4 – Interpretation -- “security”
UMIR section 1.1 – “best ask price”, “best bid price”, “derivative”, “last sale price”, “Market Operation Instrument” and “marketplace”
UMIR section 1.2(2) – “trade”
Related Provision:
UMIR section 7.11
Regulatory History:
Effective January 30, 2004, the applicable securities commissions approved an amendment to subsection (1) of Rule 7.4 by inserting the words “an order or” immediately preceding the words “a trade”. See Market Integrity Notice 2004-005 – “Administrative and Editorial Amendments” (January 30, 2004).
Effective December 14, 2022, the applicable securities commissions approved amendments to extend the requirements under UMIR 7.2 to the trading of derivatives. See IIROC Notice 22-0140 – “Amendments Respecting the Trading of Derivatives on a Marketplace” (September 15, 2022).
There is no history log for this rule.
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