IIROC AND MONTREAL EXCHANGE PROVIDE DETAILS OF THEIR MEMORANDUM OF UNDERSTANDING (MOU)
In January of this year, IIROC and the Montréal Exchange (MX) announced that they entered a new MOU regarding cross-market surveillance of the securities and derivatives markets. On April 24th, details were published summarizing key features of the MOU. The MoU includes four protocols establishing the roles and responsibilities of each SRO with respect to (a) cross-market surveillance, (b) investigations and enforcement, (c) data and information sharing, and (d) joint examinations.
The MOU is under review by the IIAC Derivatives Committee.
For additional details contact Jack Rando.