Housekeeping Amendments to UMIR

1. The Amendments

We have identified certain aspects of UMIR that require amendments for accuracy and consistency. The following specific changes have been made:

• The definition of “disclosed volume” is amended to correct typos in the introductory paragraph (French version only).
• Part 9 of Policy 7.1 of Rule 7.1 is amended to correct a typo (French version only).
• Subclause (1)(a)(iii) of Rule 10.11 is amended to correct a cross-reference to a subsection in section 6.2 of UMIR. This correction will reflect the updated numbering of section 6.2 that was changed as part of broader amendments to UMIR as described in the Rules Bulletin 22-0140.
• Clause (1)(h) of Rule 10.16 is amended to correct a typo (English version only).
• Clause (2)(d) of Rule 10.16 is renamed to (2)(c.1) to correct a typo.

A black-lined version of the Housekeeping Amendments is set out in Appendix 1 and a clean version is set out in Appendix 2.

2. Classification of the Amendments

We have classified the Housekeeping Amendments as “housekeeping” because they:

• do not represent a material change to UMIR,
• have no material impact on investors, issuers, Participants, Access Persons or the capital markets in Canada, and
• are necessary to ensure accuracy of the references in UMIR and correct typographical mistakes.

3. Approval and Implementation

On June 18, 2025, CIRO’s Board of Directors approved the Housekeeping Amendments to be effective immediately upon publication of the Rules Bulletin.

4. Appendices

Appendix 1 – Housekeeping Amendments to UMIR (Blackline)

Appendix 2 – Housekeeping Amendments to UMIR (Clean)