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ARTICLE · 22 DECEMBER 2022

CSA And IIROC Seek Stakeholder Feedback On Regulatory Framework For Short Selling

McMillan LLP
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On December 8, 2022, the Canadian Securities Administrators (the "CSA") and the Investment Industry Regulatory Organization of Canada ("IIROC") ...

CanadaCorporate/Commercial Law
Paul Davis
Paul Davis
Shahen Mirakian
Shahen Mirakian
Leila Rafi
Leila Rafi
Sandra Zhao
Sandra Zhao
Troy Hilson
Troy Hilson
Ouvedi Rama Naiken
Ouvedi Rama Naiken
Anju Xing
Anju Xing
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On December 8, 2022, the Canadian Securities Administrators (the "CSA") and the Investment Industry Regulatory Organization of Canada ("IIROC") jointly published Staff Notice 23-329: Short Selling in Canada (the "Short Selling Notice"), which reviews the current regulatory requirements and initiatives with respect to short selling and seeks public feedback on areas for regulatory consideration. The comment period relating to the Short Selling Notice ends on March 8, 2023. For further information regarding the short selling regulatory regime and recommendations for changes thereto, see An Analysis of the Short Selling Landscape in Canada: A New Path Forward is Needed to Improve Market Efficiency and Reduce Systemic Risk.

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