SHORT SALES
On August 17, 2022, IIROC issued Guidance https://www.iiroc.ca/news-and-publications/notices-and-guidance/guidance-participant-obligations-have-reasonable-expectation-settle-any-trade-resulting-entry-short on participant obligations prior to the entry of a short sale order. There is an obligation to have reasonable expectation that sufficient securities to settle on the settlement date, which is generally 2 days following the trade date.