On January 27, 2012, the Investment Industry Regulatory
Organization of Canada (IIROC) issued Notice 12-0029, providing guidance in
connection with the processes that must be followed to obtain
exemption from, or an interpretation of, a provision of the
Universal Market Integrity Rules (UMIR). IIROC guidelines state
that such requests may be sought by electronic means, through
email, and by telephone. A request must generally be accompanied by
certain contextual information, including facts giving rise to
same. IIROC staff will follow up with a written ruling in cases
where an exemption request has been allowed or denied. The notice
also provides guidance as to circumstances under which IIROC may
grant an exemption with respect to requests that a dealer be able
to act as principal or agent in respect of an
"off-marketplace" trade. Generally, the granting of such
exemptions depends on whether the execution of the trade on a
marketplace would be disruptive of a fair and orderly market or
FMC is one of Canada's leading business and litigation law
firms with more than 500 lawyers in six full-service offices
located in the country's key business centres. We focus on
providing outstanding service and value to our clients, and we
strive to excel as a workplace of choice for our people. Regardless
of where you choose to do business in Canada, our strong team of
professionals possess knowledge and expertise on regional, national
and cross-border matters. FMC's well-earned reputation for
consistently delivering the highest quality legal services and
counsel to our clients is complemented by an ongoing commitment to
diversity and inclusion to broaden our insight and perspective on
our clients' needs. Visit:
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
To print this article, all you need is to be registered on Mondaq.com.
Click to Login as an existing user or Register so you can print this article.
Canada is a constitutional monarchy, a parliamentary democracy and a federation comprised of ten provinces and three territories. Canada's judiciary is independent of the legislative and executive branches of Government.
In Bank of Montreal v Bumper Development Corporation Ltd, 2016 ABQB 363, the Alberta Court of Queen's Bench enforced the "immediate replacement" provision in the Canadian Association of Petroleum Landmen 2007 Operating Procedure...
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).