IIROC releases FAQ regarding notification trigger under electronic trading supervisory requirements

Last week, IIROC released a notice to address inquiries received regarding amendments to UMIR, effective March 1, that are intended to align IIROC's trading supervisory requirements with the requirements found in NI 23-103 Electronic Trading. Under the amendments, a Participant must notify IIROC if it enters into an arrangement to have a third party perform certain services on its behalf.

The notice released yesterday answers questions regarding certain specific circumstances that require notification, as well as providing information regarding how to contact IIROC and the type of information required.

For more information, see IIROC Notice 13-0044.

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