Date opened: August 29, 2019
Date closed: September 30, 2019
IIROC is republishing for comment revisions to the previously published proposed amendments to its Dealer Member Rules (DMRs) and Form 1 (collectively, the Proposed Amendments). The Proposed Amendments are designed to bring debt securities with a normal margin rate of 10% or less (debt securities margined at <=10%) into the existing securities concentration test, and also update the use of credit ratings, and references to credit rating agencies, in the DMRs and Form 1.
We developed the Proposed Amendments to address issues raised in the public comment letters that we received in response to IIROC Notice 18-0153, published on August 9, 2018 (2018 proposed amendments).
The Proposed Amendments retain the same fundamental framework for introducing debt securities margined at <=10% into Schedule 9 (concentration of securities), which is based on a designated rating organization (DRO) risk-weighting methodology. The primary differences between the Proposed Amendments and the 2018 proposed amendments relate to changes that recalibrate the DRO risk-weighting adjustment factors and other changes that should reduce operational complexity and related costs.
08/29/19Republication of Proposed Amendments to Dealer Member Rules and Form 1 regarding the securities concentration test and designated rating organizations
Welcome to CIRO.ca!
We have a new look! You can find the Canadian Investment Regulatory Organization (CIRO) at CIRO.ca with our fresh look and feel.
You can now find new publications published by CIRO since January 1, 2023 on CIRO.ca. If you are looking for past notices or bulletins published by MFDA or IIROC, you can find those on our legacy websites. Enforcement related content will continue on those websites as well.
You can now find previous Annual Reports and Enforcement Reports on CIRO.ca, along with Halts and Resumption, and our ePublications sign up (for all previous MFDA and IIROC subscriber lists).
We will continue moving items off MFDA and IIROC in 2023/2024. Stay tuned for future updates.