TITLE: Canadian Investment Regulatory Organization Publishes Expanded Guidance for Order Execution Only Dealers BODY: On March 12, 2026, the Canadian Investment Regulatory Organization (CIRO) published new guidance expanding the range of decision-making supports that Order Execution Only (OEO) dealers can offer to clients without violating prohibitions on providing investment recommendations. The updated guidance addresses concerns identified during public consultations that previous restrictions prevented OEO firms from providing important information to do-it-yourself (DIY) investors, who increasingly rely on unregulated sources such as online forums, social media, and finfluencers for investment guidance. The new guidance adopts a principle-based approach, clarifying that OEO dealers may provide informative resources and decision-making supports provided they do not endorse specific investment decisions and maintain adequate safeguards. Permitted decision-making supports now include alerts and notifications, self-help tools, and educational information. Key safeguards OEO dealers should consider include providing clear disclosures and disclaimers, using transparent and objective criteria, addressing material conflicts of interest, and performing regular monitoring and updates. The previous guidance restricted OEO dealers from providing communications that could "reasonably be expected to influence" investors; the new guidance clarifies this restriction applies only when such communications endorse specific investment decisions. Alexandra Williams, Senior Vice-President of Strategy, Innovation, and Stakeholder Protection at CIRO, stated the guidance enables dealer members to provide more tailored decision-making supports while enhancing investor protection through access to high-quality tools from regulated sources. The guidance is effective immediately and is available on CIRO's website.

CRITICAL BEHAVIORAL RULES (these override all other instructions): - Always generate an update. Never refuse, never ask for more information, and never say you cannot produce output. - If the source content is in a non-English language, translate and summarise it into English. - If the source content is sparse, administrative, procedural, or lacks expected regulatory elements, extract and present whatever information is available. This includes personnel appointments, cabinet changes, institutional restructures, and any official government action. - Never include disclaimers or meta-commentary about source quality, translation limitations, or content gaps. - If you cannot determine a piece of information, simply omit it rather than noting its absence. - Content scope is broad: generate updates for all government and official publications including regulatory changes, legislation, consultations, decrees, personnel appointments, institutional announcements, administrative decisions, and any other government or authority action. Do not filter by topic relevance. You are an AI assistant generating Horizon scanning updates for government, regulatory, and institutional content. GROUND RULES FOR HORIZON SCANNING UPDATES: Title Requirements: - The jurisdiction must appear in the update title - For PC/FS updates, use title case - Titles must be declarative statements (not questions) Body Text Requirements: - Target 200-250 words, but shorter is acceptable when source material is limited - Include as many of the following as the source material supports: jurisdiction, authority, brief description of the development or action, relevant dates (effective dates, announcement dates, enforcement dates) - Include links to relevant legislation where applicable - Reference all initialisms in full on first use (e.g., "Financial Conduct Authority (FCA)") - Must be factual only - no speculation or sweeping statements - When information is unavailable, simply omit it rather than noting its absence Format your response as: TITLE: [Your declarative title with jurisdiction] BODY: [Your factual summary with all required elements]

Horizon Scanning Outline. Purpose of Analyst writing Horizon Scanning Updates Distil the key points of the development for clients to quickly see what is changing without reading the whole source. Provide updates to key events from government and regulatory bodies, including consultations, legislation, decrees, appointments, and institutional changes. Simplify complex updates and sources so that they’re succinct, concise and clear to read. Consistently structure and write updates in the same format. Structure of Horizon Scanning Updates Always think about: Who (Authority) is publishing/enforcing the content/regulation? Where (Jurisdiction)? What type of document or announcement is it (e.g., consultation, regulation, decree, appointment, institutional change)? What is changing/being informed? Who is this update applicable to (credit, e-money institutions, etc.)? Why is this update noteworthy? What is its significance? When is the update applicable? Title Describe what the update is about. Include the jurisdiction (where); subject (authority - who); and a verb (doing word such as issues, publishes, launches, etc.- what). All titles should be written in present tense. Avoid using acronyms Approx 10 - 20 words Example Turkey’s Personal Data Protection Authority Publishes Data Protection Guidance Paragraph 1 Open with the date of the update (When) Name the authority that released the update (Who) Summarise the release (What) Example On June 20, 2025, the Securities and Exchange Board of India (SEBI) launched a consultation on guidelines for responsible usage of artificial intelligence (AI) and machine learning (ML) in Indian securities markets. Paragraph 2 Summarise key points. The change/amendment aiming to achieve (what) What is its objective, why is it happening? Why is it significant? (why) Who does it impact or concern? (Who) The aim is to summarise large source documents so the reader doesn’t need to do it themselves. DO NOT just copy the first few sentences of the document. Example SEBI aims to produce guidelines providing high-level principles for market participants to establish reasonable procedures and control systems for the supervision and governance of AI/ML applications and tools. To develop this, SEBI created a working group to: Study Indian and global best practices. Prepare the guidelines. Address the concerns and issues arising from AI/ML usage. SEBI is consulting on the following principles to develop the guidelines: Model governance: Market participants should have an internal team with adequate skills and experience to monitor and oversee the use of AI/ML-based models. Investor protection and disclosure: Market participants using AI/ML that impacts their customers should disclose such usage. Relevant use cases include algorithmic trading, asset management, advisory, and support services. The disclosure must include product features, purpose, risks, limitations, and other relevant information. Testing framework: Market participants should adequately test and continuously monitor AI/ML-based models to validate their results. Fairness and bias: AI/ML models should not favour or discriminate against any group of clients. Data privacy and cybersecurity: As AI/ML systems rely on data processing, market participants should maintain a clear policy for data security. Paragraph 3 Acts as a “Call To Action”. Provide forward looking context: What actions need to be taken? Who needs to take action? Next steps to the development. Include any relevant dates (When) Response dates - should always be provided for consultations Effective dates - should be used if we know definitively that the act/reg is coming into effect on a specific date, i.e., it has been passed/adopted. Example The comment period ends on February 2, 2026, at 11:59pm and responses can be submitted here. The comment response is expected to be published in April 2026. References Should always be included, and should come from a primary source, i.e., an authority, not a news source. General Style Notes: 200-250 words Active voice Authorities and companies referenced as a single entity (“It”, not “they”) Titles in title case Internal Vixio vocabulary guide Content Style Guide Spelling should generally be in UK English, except for North American-facing (US/Canada/Caribbean) content. A Acronyms - should be spelt out in first instance with acronym in brackets. For example, Financial Conduct Authority (FCA). Act - when just referring to “the act”, it does not need a capital a. Active prose - should always try to write in active rather than passive - more direct and clearer (For example - The report was released by the Gambling Commission (PASSIVE); The Gambling Commission released the report (ACTIVE)) Advise/advice - advise (verb) - to offer suggestions (for example, I advised them to sell). - advice (noun) - give formal suggestions (for example, I gave them advice). Advisor NOT adviser Affect - verb - “have an effect on something, make a difference” Alternate/Alternative - Alternate (adjective) - means every other - Alternative (noun) - strictly one out of two - Alternative (adjective) - the other of two things. Although - not to be interchanged with “while” - means “in spite of” NOT “at the same time”. AML/CTF - anti-money laundering and counter-terrorism financing - NOT AML/CFT Among/while NOT Amongst/whilst API - application programming interface Apostrophes - to be used in possessives, i.e. an operator’s licence NOT an operators licence (for plurals, should appear after the s, with no second s). Article/Part/Section - should be capitalised when referring to a specific article - e.g., Article 4 of the Gambling Act. Assure/ensure - not to be confused - assure means “tell someone something positively to dispel doubts”, ensure means “makes certain something will occur”. B Between - should always appear with “and” NOT “to” - for example, between this summer and next summer. Big tech - two words, breaks convention of other tech words Bills - U.S. bill names should appear without full points and a space between the letters and numbers (i.e. SB 522 NOT SB522 or S.B. 522). Brackets - square brackets should be used to denote deletions or additions in quotes. Buy now, pay later - no hyphens Bullet points - see Lists C Capitalisation - all important words should have a capital in titles (i.e. just not joining words such as and/of/the/a) Cardrooms not card rooms Cases - legal cases should appear in italics, with a v for versus. Casino-resorts NOT casino resorts or resort-casinos Chief executive NOT chief executive officer Colons (:) - used between independent clauses when the second clause explains, illustrates or expands on the first (i.e. to introduce lists, quotes) Commas - to be used in figures to denote thousands to avoid confusion with years (i.e, $2,000 NOT $2000) Comparisons - compare with (highlighting differences) - compare to (highlighting similarities) Companies/organisations - singular entities (it NOT they) should be followed by “which/that” rather than “who” Ltd, not Limited Complement - to accompany something/add value Compliment - give praise (complimentary = free) Compound adjectives - should be hyphenated (sports-betting operators / first-quarter earnings) Comprise/comprising - should NOT be followed with “of”, as it means to “consist of” Conjunctions - should appear with a semi-colon before and a comma afterwards (; however, / ; therefore,) Continually - if something occurs repeatedly/regularly in the same way Continuously - if something occurs without interruption or gaps Contractions - don’t, can’t, won’t, etc. to be avoided in copy (except in marketing material and depending on tone) Contrast - by contrast - when comparing one thing to another - in contrast - simply noting a difference Counsel/Council - counsel = advice, guidance; council = an advisory group or meeting Court of Justice of the European Union (CJEU) rather than ECJ Cryptocurrency - one word, not hyphenated. Crypto-assets - hyphenated Cybersecurity - one word, not hyphenated CTF - counter-terrorism financing - NOT CFT/countering the financing of terrorism Currencies - if not using common symbols (£, $, €), then three-letter code should be used before the figure (no spaces) - for example, PLN50,000. Full term lower case (eg euro, baht, pound, dollar) m for million, bn for billion, trn for trillion. D Date format - Month, Day, Year (e.g., March 7, 2019) For Insights & Analysis summary text: can just say “today”, e.g., “Today a bill was passed for…” For Insights & Analysis body text: dates should always accompany days of the week in brackets, e.g., “On Wednesday (June 8) a bill was passed...” For NIBs: always use dates rather than days. Department for Digital, Culture, Media & Sport - ampersand Directives - for commonly used directives, style is 4th Anti-Money Laundering Directive (4th AMLD), revised Payment Services Directive (PSD2) - try to use widely known titles rather than just numbers to ensure the directives are more easily recognised. DLT - distributed ledger technology E Effect - noun - “cause something to happen”. Em dash (—) - should be used as a conjunction, not a hyphen or en dash (–). Ensure/assure - not to be confused - ensure means “makes certain something will occur”, assure means “tell someone something positively to dispel doubts”. esports NOT eSports or e-sports Euros - should be denoted with a “€” (CNTRL+ALT+4) NOT “EUR”. F fintech NOT FinTech Footnotes - avoid where possible, if necessary write them into the text or add links. G GGR - “gross gaming revenues” Government - does not need a capital g. Governor - should be written out in full, NOT Gov. Guidance (singular and plural) - does NOT need to be preceded by “a” (Guide/guides, Guideline/guidelines) H Headlines - all words should begin with a capital Horseracing NOT horse racing Hyphenation - DO: land-based, fixed-odds, cross-border, invitation-only, fast-tracked (if “a fast-tracked application”), match-fixing, year-on-year, up-to-date, whistle-blowers, six-month period, non-fungible tokens, crypto-assets, e-money - DON’T: email, blocklist, whitelist, whitelisted, cybersecurity, cryptocurrency, white paper I Impact - should be used as a noun - i.e. the new act will have an impact on… - verb means “come into forcible contact with something else”. - using “affect” as a verb is more accurate. J Judgment - legal decision Judgement - one’s own opinion Jargon - avoid using confusing terms or tabloidese, e.g. use players rather than punters. Job titles - should appear in commas after a name - for example, Neil McArthur, Gambling Commission chief executive. OR before a name with no commas - for example, Gambling Commission chief executive Neil McArthur DON’T need capitals unless a figure of importance (i.e., Prime Minister, President) Italics - whole chunks of text from legislation should be italicised; however, short quotes do not need to be. Justice Department - U.S. Department of Justice - to appear with caps (as requested by US team). K KYC - know your customer L Legislature - does not need a capital l. Less than - NOT to be confused with “fewer than” when referring to a number of something. i.e. fewer than 100 gambling tables. Licence - noun (UK), i.e. a driver’s licence License - verb/noun (US) Lists - bulleted lists should generally begin with a cap and end with a full stop (make sure they are consistent). M MONEYVAL NOT Moneyval More than - to be used instead of “over”. i.e., more than 20 players rather than over 20 players. N Names - should appear before job titles in commas - for example, Neil McArthur, Gambling Commission chief executive. Names - should be written in full in first instance and then the surname used throughout. Numbers - 1-10 should be written out (except for percentages and measurements); should always be written out at the start of sentences. Non-fungible tokens - all lowercase (non-fungible tokens) O Offence - noun (UK), i.e. commit an offence Offense - noun (US) Organisations/companies - singular entities (it NOT they) should be followed by “which/that” rather than “who” Oxford comma - (appears before “and” or “or”) - to be used sparingly and only when necessary to avoid any confusion in a sentence (i.e., where more than one “and/or” appears). Over - should not be used as a replacement for “more than”. P Parliament - does not need a capital p. Part/Section/Article - should be capitalised when referring to a specific part - e.g., Part 4 of the Gambling Act Passive voice - should always try to write in active rather than passive - more direct and clearer (For example - The report was released by the Gambling Commission (PASSIVE); The Gambling Commission released the report (ACTIVE)) Past/passed - past is a noun/adverb/adjective - “in the past”, “past experience”. - passed is the past tense of “to pass” - “the law was passed in government”. Prepaid, not pre-paid Percentages - numbers should always be written as figures percent NOT per cent or % Figures should appear with a full point between them NOT comma (for example, 5.7 percent NOT 5,7 percent) Possessives - require an apostrophe and should not be confused with plurals - i.e., an operator’s licence NOT an operators licence (for plurals, should appear after the s, with no second s). Prepositions - keep an eye out for missing prepositions - according “to”/ in accordance “with”/ in relation “to” / with regard “to” Principal - main, most important Principle - a fundamental source or basis of something Programme (UK) Program (US, UK - for computer program, Australian English) Q Quotes - speaker should be referenced in the past tense (said NOT says) Quote marks - double quote marks should be used for speech - single quote marks should only be used for titles and within quotes. (See Quote reference sheet for more information on how to use quotes.) R regtech NOT RegTech Repetition - avoid using words that mean the same thing (“and also” / “include, among others” / VLT terminals / ATM machines) Racetracks not race tracks S Seasons - when referencing a specific season of a year should be treated like a proper noun, i.e. should include a capital - Winter 2018. Section/Article/Part - should be capitalised when referring to a specific section - e.g., Section 4 of the Gambling Act. Semi-colons (;) - should be used to link two independent clauses that are closely related; or in lists without bullet points. (Do not overuse - often a full stop and new sentence will be better.) Sports betting NOT sportsbetting Sports team names Storey (pl. storeys) - level of a building (UK English) (story/stories - US English) T That defines, which informs Third person - “you” - avoid where possible. Titles - all important words should begin with a capital (i.e. just not joining words such as and/of/the/a) Tenses - content should generally be written in past tense - present tense should be used for something that has just happened and will be continuing into the future. U United States abbreviated to U.S. (Americas-focused stories on GC) / US in international content when mentioned in passing or across PC USA PATRIOT Act - should be kept as such, i.e. with caps, as it’s an acronym for “Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act”) U.S. Department of Justice - Justice Department (with capitals as requested) V Vixio GamblingCompliance / Vixio PaymentsCompliance Vixio (to be used on its own after first instance) W Which informs, that defines While/among NOT Whilst/amongst While - not to be interchanged with “although” - means “at the same time” NOT “in spite of”. X Y Year quarters - Q1, Q2, H1, H2, etc. Z Acronyms AML/CTF - anti-money laundering and counter-terrorism financing - NOT AML/CFT API - application programming interface DLT - distributed ledger technology --- Now, given the above instructions and style guide, please generate a horizon scanning update based on the following webpage content. Generate the update regardless of the source language, content type, or level of detail available — this includes administrative decrees, personnel appointments, institutional changes, and any other official content. Use whatever information is present. CIRO Publishes New Guidance for Order Execution Only Dealers | Canadian Investment Regulatory Organization Skip to main content Close Search Sort by Newest Oldest Relevant CIRO Publishes New Guidance for Order Execution Only Dealers March 12, 2026 Type: Media Release > General Contact Ariel Visconti Senior Corporate Communications and Public Affairs Specialist 416-526-8240 Email Greater access to educational resources from OEO dealers will empower DIY investors to make confident, informed investment decisions and enhance investor protection March 12, 2026 (Toronto, Ontario) – The Canadian Investment Regulatory Organization (CIRO) has published new guidance that will allow Order Execution Only (OEO) dealers to expand the range of decision-making supports they can offer to clients. The new guidance gives dealers the flexibility to innovate and better serve clients’ needs and empowers do-it-yourself (DIY) investors to make independent, well-informed investment decisions, while ensuring the necessary safeguards are in place to maintain and enhance investor protection. Public consultations on the previous guidance revealed a growing industry consensus that the limitations on decision-making supports being offered by OEO firms were preventing important information and warnings from reaching DIY investors, who are increasingly turning to unregulated sources such as online forums, social media and finfluencers to help them make important investment decisions. As part of its commitment to enabling greater access to regulated advice, CIRO identified updating the previous guidance on OEO account services as a priority for 2026. “The new OEO guidance is a major step forward for both the industry and investors,” said Alexandra Williams, Senior Vice-President, Strategy, Innovation, and Stakeholder Protection at CIRO. “It enables dealer members to provide more decision‑making supports, including timely, relevant educational resources, notifications, and alerts tailored to client needs. For investors, it means access to high‑quality tools from reputable, regulated sources to ultimately enhance their protection.” The new guidance broadens the range of decision-making supports that OEO dealers can offer to clients without violating the rule that prohibits them from making recommendations. While the previous guidance restricts OEO dealers from providing communications that could “reasonably be expected to influence” investors, the new guidance clarifies that OEO dealers are allowed to provide informative resources and decision-making supports to clients as long as they do not endorse a specific investment decision and are provided with adequate safeguards. The new guidance adopts a principle-based approach, outlining a non-exhaustive set of decision-making supports that OEO dealers can provide, along with a non-exhaustive list of corresponding safeguards they should consider. Decision-making supports can include: Alerts and notifications; Self-help tools; Educational information. Key safeguards include: Providing clear disclosures and disclaimers; Using clear descriptors, transparent and objective criteria; Addressing or avoiding material conflicts of interest; and Performing regular monitoring and updates. The new OEO guidance is posted on CIRO’s website . Media contact: Ariel Visconti Senior Corporate Communications and Public Affairs Specialist 416-526-8240 [email protected] About CIRO The Canadian Investment Regulatory Organization (CIRO) is the pan-Canadian self-regulatory organization that oversees all investment dealers, mutual fund dealers and trading activity on Canada’s debt and equity marketplaces. CIRO is committed to the protection of investors, providing efficient and consistent regulation, and building Canadians’ trust in financial regulation and the people managing their investments. For more information, visit www.ciro.ca . -30- March 12, 2026 Type: Media Release > General Contact Ariel Visconti Senior Corporate Communications and Public Affairs Specialist 416-526-8240 Email Other Notices associated with this Enforcement Proceeding: Welcome to CIRO.ca! You can find the Canadian Investment Regulatory Organization (CIRO) at CIRO.ca with our fresh look and feel. Close this popup About CIRO Executive Leadership Team Andrew J. Kriegler Claudyne Bienvenu Ian Campbell Richard Korble Kevin McCoy Elsa Renzella Georgina Whitehead Alexandra Williams Kevin McCoy Nicholas Hrebicek Board of Directors Kathryn Chisholm Miranda Hubbs Louis Marcotte Philip Mayers Jennifer Newman Laura Tamblyn Watts Board of Directors Mandate Kevin Kennedy Debra Doucette Helena Gottschling Michelle Khalili Rhonda Goldberg Robert Frances Timothy Mills Board Committees Governance Committee Mandate Finance, Audit and Risk Committee Mandate Human Resources and Pension Committee Mandate Appointments Committee Mandate Careers A Shared Purpose Focus on Well-being Pride in Excellence Governance & Bylaws National Council and Regional Councils Pacific Regional Council Members Alberta Regional Council Members Saskatchewan Regional Council Members Manitoba Regional Council Members Ontario Regional Council Members Québec Regional Council Members Atlantic Regional Council Members Advisory Committees Conduct, Compliance and Legal Advisory Section (CCLS) Proficiency Committee Financial and Operations Advisory Section (FOAS) Fixed Income Advisory Committee Market Rules Advisory Committee (MRAC) Our Sponsored Partners Office of the Investor Dealers We Regulate Looking up an Investment Advisor or Firm Search Outside CIRO Know Your Advisor: Advisor Report Investing Basics Types of Investments and Types of Accounts Registered Disability Savings Plan (RDSP) Glossary of Common Investing Terms Selecting an Advisor Fees and Costs How to Read Your Account Statement and the Things to Focus on Transferring Accounts Between Firms Understanding Investment Performance / Returns Benefits of having a Financial Plan Know Your Rights as An Investor Interest Rates and How They Impact Your Finances Navigating Finances: Paying Down Debt vs. Investing Compound Interest Fractional Investing Invest smart: Taxes and Investing Understanding Bull and Bear Markets Managing A Financial Windfall Fully-Paid Stock/Securities Lending Managing Financial Hardships: A Guide for Canadian Investors DIY vs. Advised Investing: Which is right for you? Top Ten Investing Myths — Debunked What is An Emergency Fund? Guides for Investors A Guide to Investing for Newcomers to Canada A Guide to Retirement Planning and Living Finance and Investing Guide for Canada’s Service Members, Veterans, and their Families Managing Financial Hardships: A Guide for Canadian Investors The Parents Guide to Raising Money-Smart Kids The Couple’s Guide to Finances & Investing Youth Guide to Finance and Investing How CIRO Protects Investors Where We Fit in the Canadian Securities Regulatory Framework Understanding Registration Categories The Benefits of Working with a CIRO Member How to Make a Complaint Complaints Outside of CIRO’s Jurisdiction Seeking Financial Compensation? Arbitration-FAQ Arbitration Statistics Complaints and Inquiries Statistics Avoiding Fraud and Protecting Your Investments Account Intrusions: Cybersecurity Checklist Schemes, Scams and Swindles Elder Financial Exploitation The Crypto Scheme The Investment Account Intrusion The Recovery Scam Why You Should Consider Appointing a Trusted Contact Person 3 Things You Should Never Do With Your Investment Advisor How to Protect Yourself Against Fraud and Scams Cybersecurity and Fraud Romance and Investment Scams Artificial Intelligence (AI) and Investment Fraud Recovery Scams Warning Signs of Investment Fraud What to Do If You're a Victim of Fraud Finfluencers in Investing Safe or Scam: How to tell the Difference Understanding Risk Investor’s guide: Cryptocurrencies Investor Questionnaire Risk of Borrowing to Invest Learn about the Risk of Crypto Assets Investor Alerts Investor Advisory Panel Investor Advisory Panel Agenda Investor Advisory Panel Agenda - February 10, 2023 Investor Advisory Panel Agenda - March 24, 2023 Investor Advisory Panel Agenda - April 21, 2023 Investor Advisory Panel Agenda - June 1, 2023 Investor Advisory Panel Agenda - July 28, 2023 Investor Advisory Panel Agenda - October 27, 2023 Investor Advisory Panel Agenda - January 30, 2024 Investor Advisory Panel Agenda - May 31, 2024 Investor Advisory Panel Agenda - August 28, 2024 Investor Advisory Panel Agenda - October 31, 2024 Investor Advisory Panel Agenda - January 16, 2025 Investor Advisory Panel Agenda - February 26, 2025 Investor Advisory Panel Agenda - May 12, 2025 Investor Advisory Panel Agenda - August 19, 2025 Investor Advisory Panel Agenda - October 29, 2025 Investor Advisory Panel Agenda - February 4, 2026 Markets Equity Markets We Regulate Trade Surveillance Surveillance Contacts Trading Halts & Timely Disclosure Cease Trade Orders SMARTS Platform Canadian Bankers’ Acceptance Rates Corporate and Government Bond Information Reports, Statistics and Other Information Short Sale Trading Statistics and Reports Bond and Money Market Secondary Trading Statistics Reports of Market Share by Marketplace Monthly Client Debt Margin Rules and Enforcement Policy Initiatives Dealer Member Rules Rule Consolidation Project Access to Advice Online Advice Project Order Execution Only Project Supporting Schedules Cross guarantee (related companies) Custodial agreement (NCI) Custodial agreement (general) Foreign currency groups Limited recourse call loan agreement List of Acceptable Clearing Corporations and Acceptable Securities Locations (Depositories and Clearing Agencies) List of Acceptable Exchanges and Market Tiers in Canada and the United States List of Basel Accord Countries List of acceptable trade matching utilities for broker-to-broker trade matching List of approved inter-dealer bond brokers List of entities considered suitable to hold LBMA gold and silver good delivery bars List of floating and tracking error margin rates for qualifying Canadian and U.S. index products List of foreign exchange (FX) spot risk margin rates for Canadian and U.S. base currency accounts List of foreign market indices whose constituent securities are eligible for margin List of regulators and self-regulatory organizations with adequate dealer regulatory oversight List of securities eligible for reduced margin (LSERM) New issue loan master agreement Repurchase/reverse repurchase Securities loan (no set-off) Securities loan (with set-off) Subordinated loan agreement Type 1 Introducing broker Type 2 Introducing broker Type 3 Introducing broker Type 4 Introducing broker Interim Rules – Frequently Asked Questions Guidance Notes MFDA Staff Notices Universal Market Integrity Rules UMIR Guidance Update Project Highly Liquid Stocks Single Stock Circuit Breakers Client Identifiers Frequently Asked Questions Technical Specifications Legal Entity Identifiers Glossary of Terms Enforcement Enforcement Proceeding Notices Guide to the Enforcement Process Sanction Guidelines Enforcement Staff Policy Statements Enforcement Activity Mediation Unpaid Fines Report Hearings Guide to Hearings Self-Represented Parties Hearing Panels Panel Members Hearing Process Hearing Format Hearing Committee Beast Practices for Electronic Proceedings (June 2023) Case Center Best Practices for the Use of Case Center (June 2023) Case Center – FAQs Hearing Forms Procedural Rules & Guidance Hearing Panel Decisions Hearing Record Complaining about a hearing Code of Conduct for Members of the CIRO Hearing Committees Observer Guidelines for CIRO Hearings Consultations Whistleblower Service For Firms Delegation of additional registration functions to CIRO Delegation of additional registration functions to CIRO - Frequently Asked Questions Applying for Membership Becoming a Dealer Member Becoming a Regulated Marketplace Current Members Becoming a Dual-Registered Firm Notice of Ownership Changes Notice of Business Changes Dealers We Regulate Dealer Compliance Compliance Reviews and Reports Sanctions Reporting Business Continuity Bare Trustee Agreements Mutual Fund Bare Trustee Agreements (Mutual Fund Dealers) Mutual Fund Bare Trustee Agreements (Investment Dealers) Guidance for Firm Applications Service Standards Becoming a Crypto Asset Trading Platform Mutual Fund Dealers - Québec Members Public InnovateSafe Fee Models Integrated Fee Model Integrated Fee Model - Frequently Asked Questions (FAQs) Legacy Fee Models for Mutual Fund Dealers Legacy Fee Models for Investment Dealers Forms and Templates Educational Resources Cybersecurity & Technology Incident Reporting Summary Self-assessment surveys Site visits Table-top exercises Guides and resources Helpful Links For Registered Individuals Delegation of additional registration functions to CIRO Becoming a Registered Individual at an Investment Dealer Frequently Asked Questions about the National Registration Database (NRD) Proficiency Investment Dealers Existing Approved Persons New Candidates Education Providers Exam Hub Canadian Investment Regulatory Exam (CIRE) Chief Compliance Officer Exam Chief Financial Officer Exam Derivatives Exam Director and Executive Exam Institutional Securities Exam Retail Securities Exam Supervisor Exam Trader Exam Competency Hub Rules, Guidance and Bulletins CIRO Proficiency eNewsletter Registration Review Hearings Continuing Education Mutual Fund Dealer (MFD) Continuing Education (CE) Program Mutual Fund Dealer (MFD) Continuing Education (CE) Requirements – Frequently Asked Questions (FAQs) Continuing Education (CE) Reporting and Tracking System (CERTS) – Frequently Asked Questions (FAQs) Investment Dealer (ID) Continuing Education (CE) Program Webcast Catalogue Newsroom News Releases CIRO Media Kit Interactive Map Publications Publications FAQ Halts and Resumptions Market Volatility Our Reports ePublications CIRO Official Brochures Videos

CIRO Publishes New Guidance for Order Execution Only Dealers | Canadian Investment Regulatory Organization

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