Timelines
There will be a three-phased implementation period for the Amendments. The Amendments come into force on the following days after the publication of the Notice of Approval:
- Phase 1 – 6 months, or October 18, 2019
- Phase 2 – 27 months, or July 26, 2021
- Phase 3 – 27 months, or July 26, 2021
Implementation Milestones for Listed Securities
|
Action |
Expected Completion Date |
|---|---|
| IIROC to publish FIX specifications | April 2020 |
|
IIROC to publish Encryption API in Java and C++ |
August 31, 2020 |
|
IIROC Marketplace Certification Window Start Date |
September 2020 |
|
Dealer Members to return completed Encryption Key Enrollment Forms to IIROC (Once the Dealer Member returns the completed Enrollment Form to IIROC, IIROC will provide a testing encryption key to the Dealer Member.) |
Mid‑September 2020 |
| Industry Testing |
January 2021 to April 2021 |
|
IIROC to deliver production encryption key via secure email with the link for Dealer Member to acknowledge the receipt of the encryption key |
February 8, 2021 |
|
IIROC and Marketplaces to begin accepting orders from Dealer Members and vendors that include information required under the Client Identifiers Amendments |
April 5, 2021 |
|
CLIENT IDENTIFIERS IMPLEMENTATION FOR LISTED SECURITIES |
JULY 26, 2021 |