Regulatory History:

Effective January 30, 2004, the applicable securities commissions approved an amendment to subsection (2) of Rule 10.7 to add the phrase “acting reasonably,” before the word “determines”.  See Market Integrity Notice 2004‑005 – “Administrative and Editorial Amendments” (January 30, 2004).

Effective September 1, 2016, the applicable securities commissions approved an amendment to repeal Rule 10.7 of UMIR as it will be replaced by consolidated rule 8214. See IIROC Notice 16‑0122 – “Implementation of the consolidated IIROC Enforcement, Examination and Approval Rules” (June 9, 2016).