CSA and CIRO publish summary of short selling consultation


Toronto – The Canadian Securities Administrators (CSA) and the Canadian Investment Regulatory Organization (CIRO) today published a summary of responses and comments to CSA/IIROC Staff Notice 23-329 Short Selling in Canada.

On December 8, 2022, the CSA and the Investment Industry Regulatory Organization of Canada (a predecessor organization to CIRO) sought input on the current regulatory framework surrounding short selling in Canada.

The CSA and CIRO 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.

Copies of the comment letters are publicly available on the websites of the Autorité des marchés financiers, Ontario Securities Commission This link will open in a new window, and CIRO This link will open in a new window.

The Canadian Investment Regulatory Organization (CIRO) is the national self-regulatory organization that oversees all investment dealers, mutual fund dealers and trading activity on Canada’s debt and equity marketplaces. CIRO is committed to the protection of investors, providing efficient and consistent regulation, and building Canadians’ trust in financial regulation and the people managing their investments. For more information, visit www.ciro.ca This link will open in a new window.

The CSA, the council of the securities regulators of Canada’s provinces and territories, coordinates and harmonizes regulation for the Canadian capital markets.

For media inquiries, please contact:

Ilana Kelemen
Canadian Securities Administrators
[email protected]

JP Vecsi
Ontario Securities Commission
[email protected]

Sean Hamilton
Canadian Investment Regulatory Organization
[email protected]

Stephanie Teodoridis
Canadian Investment Regulatory Organization
[email protected]

For investor inquiries, please contact your local securities regulator This link will open in a new window.