Skip to Primary Navigation

UMIR Policy 7.1

Governs the Trading Supervision Obligations for participant members and access persons operating on Canadian marketplaces under the regulation of the Canadian Investment Regulatory Organization (CIRO).

Rule Overview

Jurisdiction: Canada

Regulator: IIROC

Topic: Supervision

UMIR Policy 7.1
Overview
Latest News
Further Reading

Core Requirements:

Written Policies. Firms must maintain written procedures reasonably designed to ensure UMIR compliance.

Head of Trading. Participants must appoint a designated head to oversee all marketplace trading activities.

Employee Supervision. Management must actively supervise staff to prevent manipulative or deceptive practices.

Risk Controls. Firms must implement automated and structural risk management controls for market access and algorithmic trading.

 

Latest News

View More News