An Investment Representative (IR) working in Vancouver is notified that a required trade report must be submitted to CIRO by 4:00 PM. At what time must the IR submit the report in Vancouver (Pacific Time) to meet the deadline?

Question

Accepted Answer

Correct. Since CIRO defaults to Eastern Time (Rule 1102), a 4:00 PM Eastern deadline is 1:00 PM Pacific Time (a 3-hour difference).

An Investment Representative (IR) working in Vancouver is notified that a required trade report must be submitted to CIRO by 4:00 PM. At what time must the IR submit the report in Vancouver (Pacific Time) to meet the deadline?

Discussion