Re-publication of Proposed Derivatives Rule Modernization, Stage 1

Date opened: April 14, 2022

Date closed: June 13, 2022

Status: Closed


IIROC is republishing for comment previously published proposed amendments to the IIROC Rules to modernize and simplify our derivatives-related requirements (the Initial publication).

We have made revisions to the proposed amendments set out in the Initial publication (the Revised Proposed Amendments) which are designed to:

  • reproduce most of the proposed amendments using the updated version of the IIROC Rules which was implemented on December 31, 2021, and
  • propose changes to some of the proposed amendments to address issues raised and suggestions made in the comment letters we received on the Initial publication, as well as comments from the Canadian Securities Administrators (CSA).

The objectives and considerations of these proposed amendments are outlined in the Initial publication. We have aligned the proposals in the Revised Proposed Amendments with these objectives and considerations.

Notices about this consultation:

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