Canadian Investment Regulatory Organization (CIRO) - Rules Bulletin - Amendments Respecting Reasonable Expectations to Settle Short Sales

CIRO - Rules Bulletin - Amendments Respecting Reasonable Expectations to Settle Short Sales
CIRO - Notice of BCSC non-objection to proposed amendments to Canadian Investment Regulatory Organization (CIRO)’s proposed amendments Respecting Reasonable Expectations to Settle Short Sales

This Notice announces the BCSC’s non-objection to proposed amendments to the Investment Dealer Partially Consolidated Rules (IDPC) that would require all Investment Dealers to have a reasonable expectation to settle trades listed securities on settlement date and proposed changes that introduce a “deem to own” exception to certain provisions in both the Universal Market Integrity Rules and the IDPCs. The amendments will be effective August 11, 2026.

Published April 2, 2026