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Fixed Income Committee



Mandate

 

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.

The Fixed Income Committee reports to IIROC Staff.

 

Specific Responsibilities

 

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.

 

Ex-officio Members

 

  • President (or another officer of IIROC designated by the President); and


  • Chair of the Board (or another member of the Board designated by the Chair or the Board).


  • Two year term, renewable

 

Nominating Process

 

Each Dealer Member or Marketplace Member that meets the membership requirements may nominate one member to the Committee.

 

Appointment Process

 

All nominees are reviewed by the President and CEO or his/her designate and, if accepted, appointed to the Committee.

 

Meeting Schedule

 

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.

 

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Fixed Income Committee

  
Stewart Hunt, Chair 
Jean-Marc BruleFIN-XO Securities Inc.
Bruce Carroll 
Jason ChangOntario Teachers' Pension Plan
Peter ConroyShorcan Brokers Limited
Martin FlaemrichCPP Investment Board
Anne HaldimandTD Securities Inc.
Mark HardistyCIBC World Markets Inc.
Jayson HornerCanDeal.ca. Inc.
Kenneth KnowlesCanaccord Genuity Corp.
Mike ManningOntario Financing Authority
Stephen McHargCasgrain & Company Limited
Fred SmithBMO Nesbitt Burns Inc.
Eric TuerBank of Canada
Richard Van NestRBC Dominion Securities Inc.
Richard Corner, SRO RepresentativeInvestment Industry Regulatory Organization of Canada
Marc Poles, SRO RepresentativeInvestment Industry Regulatory Organization of Canada
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