Part 9 - Trading Halts, Delays and Suspensions
Defined Terms:
NI 14-101 section 1.1(3) – “securities legislation” and “securities regulatory authority”
NI 21-101 section 1.1 – “ATS” and “order”
NI 21-101 section 1.4 – Interpretation -- “security”
UMIR section 1.1 – “derivative”, “Exchange”, ‘foreign organized regulated market”, “listed derivative”, “listed security”, “Market Regulator”, “marketplace”, “Marketplace Rules”, “Participant”, “quoted security”, “QTRS”, “related derivative”, “related security”
UMIR section 1.2(2) – “trade”
Regulatory History:
Effective August 27, 2004, the applicable securities commissions approved an amendment to subsection (1) to delete the phase “entered on a marketplace or” immediately prior to the word “executed”. See Market Integrity Notice 2004‑022 – “Order Entry During a Regulatory Halt” (August 27, 2004).
Effective May 16, 2008, the applicable securities commissions approved an amendment to subsection (4) to replace the phrase “an exchange or organized regulated market outside of Canada that publicly disseminates details of trades executed on that market” with “a foreign organized regulated market”. See Market Integrity Notice 2008‑008 – “Provisions Respecting ‘Off-Marketplace’ Trades” (May 16, 2008).
Effective December 14, 2022, the applicable securities commissions approved amendments to UMIR 9.1. See IIROC Notice 22-0140 – “Amendments Respecting the Trading of Derivatives on a Marketplace” (September 15, 2022).
Effective March 1, 2023, the applicable securities commissions approved amendments to UMIR 9.1(4)(b) to allow Participants to sell a listed security on a foreign organized regulated market during a regulatory halt where a cease trade order is in effect and the selling is permitted pursuant to the conditions in the CTO. See Notice 22-0185 – “Amendments Respecting the Codification of Certain UMIR Exemptions” (December 1, 2022).
There is no history log for this rule.