Segregation of RRSP Securities

Type: Rules Notice> Guidance Note
Rule connection:
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Member Regulation Policy

Effective Date: December 31, 2021 

  1. No Requirement for “double segregation” of securities held for self-directed RRSPs

Dealer Members (Dealers) offering self-directed RRSPs (or other self-directed plans such as RRIFs) to their clients are not required to segregate client RRSP securities separately from other client segregated securities.  Relevant securities laws allow firms to keep RRSP securities in a regular segregation location, rather than requiring a separate RRSP segregation vault or box location at Securities Depositories.  We emphasize that this is not a `one-box' concept; client RRSP securities still must be segregated as set out in IIROC Rule 4300.  Dealers do not need to have a separate segregation location solely for RRSP securities.

Dealer trustee agreements must properly represent the manner in which client securities are segregated, including where the Dealer has implemented a single segregation location for accounting and reporting purposes.

  1. Applicable Rules

IIROC Rules this Guidance Note relates to:

  • Rule 4300, and
  • Rule 4400.
  1. Previous Guidance Note

This Guidance Note replaces C-75 - Segregation of RRSP Securities.

  1. Related documents

This Guidance Note was published under Notice 21-0190 - IIROC Rules, Form 1 and Guidance.

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