tj> they told me i cannot buy until the market opens.

{disclaimer: I am not a securities lawyer}

if you're opening a new position, then yes that makes complete sense, 100%.

however, if it's a transfer of existing position, and the economic/beneficial owner is the same, it's NOT a buy/sell, in fact it seems to be FORBIDDEN to be processed as a buy/sell.

my understanding of UMIR 2.2 is that the txn MUST NOT hit the market

"required to be executed off-marketplace" seems to indicate there is no choice

(i.e., it's not up to the brokerage's policy/whim as to how the txn gets processed)

see page 5 and into page 6 of http://www.iiroc.ca/industry/rulebook/Documents/UMIR0202_en.pdf

for example ...

“a client executing a trade [...] would not constitute a change in economic ownership and would be required to be executed off-marketplace."

you would have to account to CRA for a "deemed disposition" but that's about it.

jimbo might be able to confirm.

GLAL,

R.