Canadian Market Fairness Survey
RequiredRequired Question(s)
Required 1.
Unfettered short-selling is allowed in Canada.

Should Regulators reintroduce the Uptick rule?


Yes
No
Other  
Required 2.
Section 2.2 of the Universal Market Integrity Rules (UMIR) provides that a Participant (dealer) must only have a "reasonable expectation" of settling a short sale trade, and not a "positive affirmation."

In other words, as long as the shorter believes he can borrow shares to sell short, short selling is allowed.

"Naked short selling", as that term is sometimes understood, is not permitted under UMIR, but no distinction is made in the regulation between "naked" or "covered" short sales.


Should Regulators prevent uncovered short-selling?

Yes
No
Other  
Required 3.
The Consolidated Short Position Report is produced on a semi-monthly basis.

Should Regulators enable full transparency about short-selling, with more frequent short position reporting requirements?  

Yes
No
Other  
Required 4.
There has yet to be a major crackdown on illegal and manipulative short selling practices in Canada.

Should Regulators crackdown on manipulative short selling practices?

Yes
No
Other  
Required 5.
Self-directed retail investors and the majority of investment advisors in Canada only see TSX and TSX-V real-time market data. But there are many alternative trading platforms.

Should Regulators: 

Mandate access to Canadian consolidated Level 1 real-time market data for all investors?
Mandate access to Canadian consolidated Level 2 real-time market data for all investors
None of the Above
Other  
Required 6.

Would you be willing to sign a petition to address ALL the above issues? 

Yes
No