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IIROC sets "reasonable expectation" test for short selling

Canada’s Investment Industry Regulatory Organization of Canada (IIROC) has issued new guidance as it seeks to clarify the status of naked short selling under its trading rules.

IIROC sets "reasonable expectation" test for short selling IIROC sets "reasonable expectation" test for short selling IIROC sets "reasonable expectation" test for short selling IIROC sets "reasonable expectation" test for short selling IIROC sets "reasonable expectation" test for short selling

IIROC moves on short selling

The guidance said that market participants looking to enter a short sale order must have "reasonable expectations" beforehand that sufficient securities will be available to allow them to settle any

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