Canadian regulators issue guidance on sports and entertainment event contracts
By SectorWire desk ·
Summary
Canada’s CSA and CIRO issued joint guidance on sports and entertainment event contracts. The CSA considers these contracts outside the appropriate scope of securities and derivatives legislation. CIRO said it considers facilitating or approving dealer-member applications to trade these contracts inappropriate.
Why it matters
CIRO considers facilitating or approving dealer-member applications to trade sports and entertainment event contracts inappropriate.