The Canadian Investment Regulatory Organization
(CIRO) and the Canadian Securities Administrators
(CSA) recently released Staff Notice
23-332 Summary of Comments and Responses to CSA/IIROC
Staff Notice 23-329 Short Selling in
Canada (the Staff Notice).
The Staff Notice describes the comments received in connection
with the consultation, and concluded that there was no consensus
amongst the commentators on the regime for short selling, with some
people arguing for major changes, others for only minor amendments
while one commentator suggested short selling should be banned
altogether. No changes to regulatory provisions are currently being
proposed, however the regulators noted they would continue to
review whether any changes are required.
