New issue loan master agreement

This agreement is between a lender and a Dealer Member for a loan facility that is based on an underwriting. The loan facility is in the form of a new issue letter and the lender agrees to provide an irrevocable commitment to advance funds based only on the strength of the new issue and the Dealer Member. This agreement does not allow set off. IIROC Rule 5500, Margin requirements for underwriting commitments and when issued trading, sets margin and capital requirements for a Dealer Member that is involved in an underwriting commitment and these requirements are lower when there is a new issue letter for the underwriting commitment.

New issue loan master agreement - Attachment (pdf)

MFDA and IIROC have consolidated

As of January 1, 2023 the MFDA and IIROC have come together as New Self-Regulatory Organization of Canada (New SRO).

New SRO has assumed the regulatory responsibilities of the MFDA and IIROC.

We have set up an interim website for updates and information related to the New SRO including:

  • Executive Management
  • Governance
  • New SRO Rules
  • Member Application
  • Investor Office and the Investor Advisory Panel
  • Information concerning mutual fund dealers registered in Québec
  • Complaints
  • Careers

Enforcement proceedings, membership lists, continuing education, investor education resources and any other information not set out above continue to reside on and