The Canadian Securities Administrators (CSA) and the Canadian Investment Regulatory Organization (CIRO) have published a summary of responses and comments to CSA/IIROC Staff Notice 23-329 Short Selling in Canada (The Joint Staff Notice).
In December 2022, the CSA and the Investment Industry Regulatory Organization of Canada (CIRO’s predecessor) published the Joint Staff Notice to seek input on the current regulatory framework surrounding short selling in Canada. The regulators received 23 comment letters from a wide range of stakeholders, including industry associations, exchanges, dealers, issuers, and investors. The notice summarizes these comment letters and identifies potential areas for further study by the CSA and CIRO.
The Comment letters are available for download from the websites of the Ontario Securities Commission (OSC), Autorité des marchés financiers (AMF), and CIRO.
For more information, please call Barbara Hendrickson at BAX Securities Law (647) 403-4606.
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