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CIRO Rule Consolidation

Consolidation des règles du CIRO


2024 11 01 CIRO Rule Consolidation Phase 4 has been published.

  • Published for comment on October 17, 2024
  • Comment period will close on February 4, 2025

Phase 4


2024 9 12 CIRO published a project update and summary: 

Project Status and Timeline

The Rule Consolidation Project is being pursued in phases to minimize the amount of stakeholder disruption that will be caused during the development of the new consolidated rules. The status of the project and CIRO’s anticipated timeline are as follows:

Phase 1 – Establish new rule set structure including adoption of general standards of conduct

  • Published for comment on October 20, 2023
  • Comment period closed on December 19, 2023.
  • 17 comment letters received.
  • Phase 1 comment letters are available on CIRO’s website.

Phase 2 - Adopt rules that are unique to the IDPC or MFD Rules and have been assessed as not having a material impact on stakeholders

  • Published for comment on January 11, 2024
  • Comment period closed on March 11, 2024.
  • 8 comment letters received.
  • Phase 2 comment letters are available on CIRO’s website.

Phase 3 – Adopt rules that are common to the IDPC and MFD Rules and have been assessed as not having a material impact on stakeholders

  • Published for comment on April 18, 2024
  • Comment period closed on July 17, 2024.
  • 13 comment letters received.
  • Phase 3 comment letters are available on CIRO’s website.

Phase 4 – Adopt rules that are mostly unique to the IDPC or MFD Rules and have been assessed as having a material impact on stakeholders

  • Published for comment on October 17, 2024
  • Comment period will close on February 4, 2025

Phase 5 – Adopt rules that are common to the IDPC and MFD Rules and have been assessed as having a material impact on stakeholders

  • Anticipated publication for comment Winter 2024-25

Publication of the complete DC Rules for comment

  • Anticipated publication for comment Winter 2025-26
  • Please see below for further details

Rule Consolidation Project Update



Proposed OSC Rule 11-502 Distribution of Amounts Paid to the OSC under Disgorgement Orders
Projet de règle 11-502 de la CVMO Répartition des montants payés à la CVMO en vertu d'ordonnances de restitution