CIRO’s 16 October bulletin updates conditions for investment dealers offering or facilitating event contracts. It prohibits displaying or promoting unauthorised contracts through client-facing platforms, watchlists, alerts, analytics or third-party links. Disabling trading while leaving the product visible does not satisfy the restriction.[1]
At a glance01
Updated dealer perimeter
| Area | Condition |
|---|---|
| Permitted references | Specified economic, environmental or financial indicators using objective, independently verifiable authoritative dataSource 2 |
| Excluded outcomes | Sports, entertainment, elections and other political events; unlawful activitiesSource 2 |
| Maturity | At least 30 days; resetting a threshold creates a new contract subject to the same minimumSource 2 |
| Funding | No client leverage, including margin accountsSource 2 |
| Business approval | Written notification and material-business-change application; approval before launchSource 2 |
The indicator test is narrower than a general connection to finance or the economy. CIRO contrasts an official unemployment statistic with an individual employer’s possible layoffs, and a published financial index with whether a company will announce an acquisition.[1]
Sources & further reading
- Mise à jour des exigences de l’OCRI concernant les contrats événementiels — bulletin 26-0215 Organisme canadien de réglementation des investissements / CIRO · 16 Oct 2026 · Accessed 26 Oct 2026
- Annex A — updated event-contract conditions CIRO · Accessed 26 Oct 2026