Client Identifiers

On April 15, 2019, the applicable securities regulatory authorities approved amendments (Amendments) to the Universal Market Integrity Rules and the Dealer Member Rules to include client identifiers and/or certain designations on:

  • each order for a listed security that is sent to a marketplace
  • each reportable trade in a debt security.
     

IIROC Notices regarding the Amendments Respecting Client Identifiers:

  • IIROC Notice 21-0099 - Rules Notice – Guidance Note – UMIR and DMR/IIROC Rules – Use of Identifiers and Notification Requirements Respecting Certain Order Execution Only and Direct Electronic Access Clients and Advisers (May 25, 2021)
  • IIROC Notice 21-0052 – Rules Notice - Technical Notice - UMIR and DMR/IIROC Rules - Implementation of Client Identifier Amendments for Listed Securities (March 18, 2021).
  • IIROC Notice 20-0251 – Rules Notice - Technical Notice - UMIR and DMR/IIROC Rules - Upcoming Implementation of Client Identifier Amendments for Listed Securities (November 25, 2020).
  • IIROC Notice 20-0148 – Education Notice - Client Identifiers Workshop for Listed Securities (July 7, 2020).
  • IIROC Notice 20-0056 – Rules Notice - Technical Notice – UMIR and DMR – Revised Implementation of Client Identifier Amendments for Listed Securities (March 26, 2020).
  • IIROC Notice 19-0179 – Rules Notice – Notice of Approval / Implementation – DMR – Amendments Respecting Client Identifiers for Reportable Debt Transactions (October 17, 2019).
  • IIROC Notice 19-0160 – Rules Notice - Technical Notice – UMIR and DMR – Information on the Implementation of Client Identifier Amendments (September 6, 2019).
  • IIROC Notice 19-0118 – Rules Notice – Request for Comment – DMR – Proposed Amendments Respecting Client Identifiers (July 11, 2019).
  • IIROC Notice 19-0071 - Rule Notice – Notice of Approval - UMIR and DMR – Amendments Respecting Client Identifiers (April 18, 2019).
  • IIROC Notice 18-0122 – Rule Notice – Request for Comments – UMIR and DMR – Publication of Proposed Provisions Respecting Client Identifiers (June 28, 2018).
  • IIROC Notice 17-0109 – Rules Notice – Request for Comment – UMIR and DMR - Proposed Provisions Respecting Client Identifiers (May 14, 2017).
     

Client Identifiers - Information

Timelines and Implementation Milestones

3-Phased Implementation Period for Debt and Listed Securities, as well as Implementation Milestones for Listed Securities

Video: How to use the Decision Tree & Scenarios Chart

Check out our new Client Identifiers' video, which shows you how to use the Decision Tree and Scenarios Chart...

 

Technical Specifications

View "Strategy for Encryption of Client Identifiers" and "Fix Specifications"

Contact

Theodora Lam: Senior Policy Counsel, Market Regulation Policy

Tel: 416-646-7280

[email protected]

Legal Entity Identifiers

Where a Legal Entity Identifier (LEI) is required under the Amendments, the client must use an LEI that is issued in accordance with standards set by the Global Legal Entity Identifiers System (GLEIF).

GLEIF provides information on how to obtain an LEI, including a list of LEI issuing organizations for Canada, which can be accessed here.

GLEIF also maintains a publicly searchable database of all issued LEIs.

Welcome to CIRO.ca!

You can find the Canadian Investment Regulatory Organization (CIRO) at CIRO.ca with our fresh look and feel.

The following sections of the legacy mfda.ca and iiroc.ca sites have been migrated to ciro.ca:

  • Enforcement
  • Hearings
  • Consultations
  • A unified member directory (Dealers We Regulate)
  • Advisor Report

We will continue moving items off MFDA and IIROC in 2024. Stay tuned for future updates.