23-312 Request for Comment - Canadian Securities Administrators / Investment Industry Regulatory Organization of Canada Joint Notice 23-312 Transparency of Short Selling and Failed Trades [CSA - IIROC Joint Notice]

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Request for Comment - CSA IIROC Joint Notice 23-312, March 2, 2012
Published: 2012-03-02

1. Introduction
In recent years, there have been numerous international developments regarding the regulation of short sales and failed trades.  A working group (the “Working Group”) comprised of staff from the Canadian Securities Administrators (“CSA”) and the Investment Industry Regulatory Organization of Canada (“IIROC”) has been monitoring these developments and reviewing regulatory approaches to issues arising from short selling and failed trades.

In light of this review, the Working Group is publishing this joint CSA-IIROC notice (“Joint Notice”) to solicit feedback on certain aspects of disclosure and transparency measures regarding short sales and failed trades in Canada.