Universal Market Integrity Rules

(redirected from UMIR)
Also found in: Acronyms.

Universal Market Integrity Rules

A set of rules governing trading on exchanges in Canada. All Canadian exchanges are required to adhere to UMIR, which, among other provisions, prohibit price manipulation and other practices deemed to be unfair. UMIR were written in part to create uniform practices throughout Canada so that a trader on one exchange would know and be able to abide by the rules on all other exchanges.
References in periodicals archive ?
entered orders or executed trades on the TSX Venture Exchange (TSXV) and on a quotation and trade reporting system (Over the Counter Bulletin Board - OTCBB) when he knew, or should reasonably have known that entering such orders or executing the trades had created or could reasonably be expected to create a false or misleading appearance of trading activity in the security, contrary to UMIR Rule 2.
Provisions Respecting Regulation of Short Sales and Failed Trades : A summary of the various UMIR rule amendments, IIROC's strategic approach to short sale policy reforms and a discussion of the obligations for dealer firms under the rule changes.