To assist in the development of rules and policies to govern trading activity on marketplaces which have retained (IIROC) to be the regulation services provider.
Fixed Income Committee reports to IIROC Staff.
The Committee provides advice on issues referred to IIROC for consideration by:
the Bank of Canada and the federal Department of Finance related to the fixed income market (including rules and procedures governing Primary Dealers and Government Securities Distributors); and
the Bourse de Montréal related to the fixed income derivatives market. At the request of the President, the Committee may review and make a recommendations to the President or the Board respecting;
the position to be taken by IIROC in response to a request for comments issued by a securities regulatory authority or self-regulatory organization that would impact trading of fixed income securities; and
any other matter that, in the opinion of the President or the Board, the review or comment of the Committee would be desirable.
Membership & Structure
Membership Committee is limited to 15 comprised of:
Dealer Members that are designated as Primary Dealers of Government of Canada Bonds by the Bank of Canada;
Representative of the TSX, if the TSX chooses to be represented on the Committee;
Marketplace Members, other than the TSX, that trade fixed income securities; and
At least one independent person (i.e. not a director, officer or employee of a Member) who has experience or expertise that, in the opinion of the President and CEO or his/her designate, would benefit the Committee.
Each Dealer Member or Marketplace Member that meets the membership requirements may nominate one member to the Committee.
All nominees are reviewed by the President and CEO or his/her designate and, if accepted, appointed to the Committee.
Regular quarterly meetings and special meetings at the call of the Chair.
Executive and Subcommittees
A Chair and Vice-Chair are elected by the members of the Committee for the two year term of the Committee.
No Executive Committee
Standing Sub-Committees may be established at the initiative of Committee. The existing Sub-Committee is the Retail Fixed Income Sub-Committee.