(usda loan mortgage companies, qualifications for a conventional mortgage loan, mortgage home loan process, va mortgage loan credit score requirements, what is the mortgage rate for a va loan, how to apply for a va mortgage loan, mortgage loan omaha, movement mortgage va loan, sierra pacific mortgage my home loan, when to refinance mortgage loan, how much is a jumbo mortgage loan, mortgage loan options for first time home buyers, mortgage loan income to debt ratio, what does it take to be a mortgage loan officer, refinance mortgage and equity loan, qualify for a fha mortgage loan, second mortgage or home equity loan, advantages of a va mortgage loan, va mortgage loan closing costs, apply for mortgage loan online with bad credit, mortgage loan disclosures within 3 days, how to get home mortgage loan, federal home loan mortgage company, prequalify for mortgage loan online, refinance mortgage vs home equity loan, citigroup mortgage loan trust inc phone number, mortgage loan pre approval online, mortgage loan expenses, apply online for mortgage loan, second mortgage loan companies, harp loan second mortgage, fha loan without mortgage insurance, home loan mortgage broker, can i refinance my mortgage and home equity loan together, what is the maximum loan amount for a reverse mortgage, 200k loan mortgage, can i get a home improvement loan with my mortgage, 21st mortgage loan requirements, no mortgage home equity loan, pre approved mortgage but denied loan, bank or mortgage company for home loan, mortgage loan grants, va loan mortgage companies, 100 loan to value mortgage refinance, mortgage loan rate vs apr, veterans mortgage loan, estimate mortgage loan approval amount, who can get a va mortgage loan, is a home equity loan the same as a mortgage, va mortgage loan eligibility, difference between mortgage and home loan, reverse mortgage loan rates, reverse mortgage home loan, reverse mortgage loan scheme sbi, best cheapest car insurance company, who is the best car insurance company for young drivers, best term insurance company, best online car insurance company, best insurance company for drivers with points, best cheap car insurance company, best company for auto insurance, best cheapest auto insurance company, best car insurance company for new drivers, best company for car insurance, cheapest best auto insurance company, which is the best insurance company for auto, what is the best home and auto insurance company, what is the best and cheapest auto insurance company, best and cheapest car insurance company, best company for home and auto insurance, navigators insurance company am best rating, best car insurance company 2015, what is the best insurance company for auto, best car insurance company california, what is the cheapest and best car insurance company, best car insurance company in california, best online insurance company, who is the best rated auto insurance company, best insurance company for auto and home, automotive accident lawyers, accident automotive, automotive insurance company, cheap automotive insurance, automotive insurance, automotive insurance quotes, automotive insurance new york, automotive insurance companies, automotive certification online)

Not All Penguins Are Short: Short Selling In Canada Consultation – Securities

To print this article, all you need to do is register or log in to Mondaq.com.

The Canadian Securities Administration (CSA) and IIROC (as it was then called) issued Joint CSA and IIROC Staff Notice 23-329: Short selling in Canada (staff notice).The staff release states that CSA and IIROC believe it is time to review the regulatory framework to ensure it is appropriate given how markets have evolved and the public feedback received. A second CSA release contains a summary of comments and responses to the original CSA Consultation Paper 25-403 Activist short selling (the Previous Consultation Paper).

The consultation is a follow-up to the previous consultation paper. It makes interesting reading as it reviews current securities regulations and SRO rules for short selling in Canada, including National Instrument 23-101 trading rules,IIROC’s Universal Market Integrity Rules and securities laws prohibiting manipulative and/or deceptive activity. Based on further reviews since the initial request for comment, CSA and IIROC have determined this
(I) the current regulatory regime is consistent with the principles for the effective regulation of short selling as established by the International Organization of Securities Commissions; and (ii) the regulators did
Not specific evidence of problems obtained from activist short selling campaigns.

Nonetheless, the Staff Notice asks a number of specific questions in relation to whether there have been any changes in the Canadian market that support the introduction of new requirements at this time. These potential new requirements could include, for example, a requirement for a trader to confirm the ability to pre-borrow securities before accepting a short sale order. The staff announcement also revisits whether additional public transparency requirements should be considered for short selling activity or short positions, including specifically for subordinated issuers.

Comments can be submitted until March 8, 2023.

About BLG

The content of this article is intended to provide a general guide to the topic. In relation to your specific circumstances, you should seek advice from a specialist.

POPULAR ARTICLES ABOUT: Corporate/Commercial Law from Canada

How do I know if I have signed a contract?

Siskinds LLP

The digital age has created a multitude of new problems related to contracting… Did you know that emojis can indicate contract intent? In a case outside of Israel…

ESG Comparison Guide

Bennett Jones LLP

ESG Comparison Guide for the jurisdiction of Canada, see our Comparison Guides section to compare multiple countries

Leave a Reply

Your email address will not be published. Required fields are marked *

| |
Back to top button