Save Canadian Mining shares updates on Ontario Securities Commission recommendations
Terry Lynch, the Founder of the Save Canadian Mining movement, is providing updates on the initiative at the February 2021 Virtual Investor Day (VID) Conference. The major updates that Terry shares are that recommendations from the Capital Markets Modernization Task Force of the Ontario Securities Commission involve two significant changes:
- Make it illegal to cover short sales in private placements.
- Impose and enforce new trade settlement rules to get rid of the 10-day grace period on failure to deliver - switching this to Trade Date + 2 + 4 day grace period with a hard buy-in requirement.
https://youtu.be/y8KyK9RlPW0
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