IIROC replyThank you for your email to the Investment Industry Regulatory Organization of Canada (IIROC), concerning NeuLion, Inc. (NLN)
IIROC administers the listing exchanges’ timely disclosure requirements, namely monitoring and reviewing timely disclosures of material information by companies trading on marketplaces, however, company disclosure and listing issues and approvals therein, fall under the jurisdiction of the listing Exchange and the Provincial Securities Commission acting as the issuer’s Principal Regulator under National Instrument (NI 51-102) –
Continuous Disclosure Obligations. You may want to contact the listing Exchange or the issuers Principal Regulator, the Ontario Securities Commission, to address an issuers disclosure obligations.
For your convenience, I have attached links from the TSX Company Manual as well as the TSX/TSXV Disclosure Policy. I have also included contact information for the TSX Venture Exchange and the British Columbia Securities Commission.
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https://tmx.complinet.com/en/tsx_manual.html
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https://www.tsx.com/listings/tsx-and-tsxv-issuer-resources/tsx-issuer-resources/continuous-disclosure
- The TSX can be reached at 416-947-4767 or toll-free at 1-888-873-8392 and at email address:
complianceanddisclosure@tsx.com
- The OSC can be reached by email at:
inquiries@osc.gov.on.ca or by telephone: 416-593-8314 or 1-877-785-1555 (toll free across Canada).
Moreover, Universal Market Integrity Rule (UMIR) 10.9 - Power of Market Integrity Officials (linked below), speaks to the circumstances whereby IIROC may undertake discretionary regulatory intervention to vary or cancel trades.
https://www.iiroc.ca/industry/rulebook/Documents/UMIR1009_en.pdf
IIROC Rules Notice 12-0258 also provides guidance on the circumstances in which IIROC may undertake regulatory intervention to vary or cancel any trade.
https://www.iiroc.ca/Documents/2012/b5972693-c0ab-4459-948e-dcd6ca7a6371_en.pdf
IIROC exists to develop, administer, surveil and enforce the trading rules known as the Universal Market Integrity Rules, in the Canadian securities market. You may find out more about UMIR by visiting our website at
www.iiroc.ca. The link to UMIR is in the right navigation pane under “Rule Book”.
Sincerely,
Debra Haggarty
Sr. Complaints & Inquiries Specialist
Investment Industry Regulatory Organization of Canada
121 King St. W., Ste. 2000, Toronto, Ontario M5H 3T9
1-877-442-4322
Inquiries@iiroc.ca
IIROC: Protecting Investors and Fostering Fair and Efficient Capital Markets across Canada.