Canada: IIROC Issues Guidance on Short Sale Orders and the Reasonable Expectation to Settle Resulting Trades

Published on Aug 22, 2022

On August 17, 2022, the Investment Industry Regulatory Organization of Canada (IIROC) issued Notice 22-0130 Guidance on Participant Obligations to have Reasonable Expectation to Settle any Trade Resulting from the Entry of a Short Sale Order ("Notice").