Search

List of securities eligible for reduced margin (LSERM)

22-0067
Type: Rules Notice> Technical
Rule connection:
IIROC Rules
Distribute internally to:
Credit
Internal Audit
Legal and Compliance
Operations
Regulatory Accounting
Retail
Senior Management
Trading Desk

Contact:

Member Regulation Policy
Email:
Email
Bruce Grossman
Senior Information Analyst, Member Regulation Policy
Telephone:
416-943-5782
Email:
Email

Quarter ended March 31, 2022

This list is published quarterly and identifies securities that qualify for a reduced margin rate of 30% for client positions and 25% for Dealer Member (inventory) positions, which are:

  1. listed on the Toronto Stock Exchange (TSX), TSX Venture Exchange (TSXV), or NEO Exchange, or
  2. inter-listed on the TSX and on a U.S. exchange.

The list has been prepared using data available for the quarter ended March 31, 2022. The list must be used to identify securities eligible for reduced margin as set out in subsection 5310(1) of the IIROC Rules.

Eligibility status for cryptocurrency funds

Until further notice, cryptocurrency funds are not eligible for reduced margin. For cryptocurrency funds, margin eligibility may be otherwise determined according to the requirements set out in subsections 5310(1) and 5311(1) of the IIROC Rules.

Microsoft Excel format

LSERM is available in Microsoft Excel format on the IIROC website, under Rules and Enforcement – IIROC Rules – Supporting Resources – Supporting Schedules.

This list supersedes the most recently issued LSERM and will be effective on May 26, 2022 (which is fifteen business days following the issuance date of this Notice).

In this section