Markets and Trading

UMIR

Universal Market Integrity Rules governing trading on Canadian marketplaces.

Definition

UMIR is the rulebook for trading on Canadian equity and debt marketplaces. CIRO administers it. Key sections: UMIR 2 (manipulative and deceptive activities), UMIR 5 (best execution and best price), UMIR 6 (order entry, exposure), UMIR 7 (trading practices), UMIR 10 (compliance and supervision).

Source

CIRO UMIR rulebook (ciro.ca)

Where this shows up on the CIRE

Outcome 6.1
Outcome 6.2
Outcome 8.1

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