IIROC releases FAQ regarding notification trigger under electronic trading supervisory requirements

February 12, 2013

Last week, IIROC released a notice to address inquiries received regarding amendments to UMIR, effective March 1, that are intended to align IIROC's trading supervisory requirements with the requirements found in NI 23-103 Electronic Trading. Under the amendments, a Participant must notify IIROC if it enters into an arrangement to have a third party perform certain services on its behalf.

The notice released yesterday answers questions regarding certain specific circumstances that require notification, as well as providing information regarding how to contact IIROC and the type of information required.

For more information, see IIROC Notice 13-0044.

DISCLAIMER: This publication is intended to convey general information about legal issues and developments as of the indicated date. It does not constitute legal advice and must not be treated or relied on as such. Please read our full disclaimer at www.stikeman.com/legal-notice.

Stay in Touch with Knowledge Hub