7203. Reporting requirements

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    1. Every Dealer Member must report each of its transactions in debt securities (including repurchase agreement transactions or reverse repurchase agreement transactions) and the transactions in debt securities (including repurchase agreement transactions or reverse repurchase agreement transactions) of any affiliate that is a Government Securities Distributor, to IIROC within the timeframes and in the manner specified in Rule 7200, subject to the exceptions stated below in subsection 7203(2).

    2. The following must not be reported under subsection 7203(1):

      1. a transaction in debt securities that have no ISIN or CUSIP number assigned on the date of trade execution, except that, if that transaction is a new issue of a debt security, it shall be reported within the timeframe stated in clause 7204(1)(ii),

      2. a transaction in exchange listed debt securities executed on a Marketplace that transmits to IIROC trade information required under National Instrument 23-101,

      3. a transaction between two separate business units or profit centres within the reporting Dealer Member where there is no change in beneficial ownership,

      4. a repurchase agreement transaction or reverse repurchase agreement transaction executed by a Dealer Member that is not a Government Securities Distributor,

      5. a transaction in which the Bank of Canada or the Bank of Canada on behalf of the Government of Canada is the counterparty, and

      6. a transaction, other than a repurchase agreement transaction or reverse repurchase agreement transaction, executed by an affiliate that is a Government Securities Distributor only for Government of Canada treasury bills, in a debt security with an original term to maturity of greater than one year.

    3. Reporting responsibilities in the most common situations are as follows:

      1. in a transaction between a Dealer Member and a client or non-client, the Dealer Member reports,

      2. in a transaction between a Dealer Member and an inter-dealer bond broker or issuer, the Dealer Member reports, and

      3. in a transaction between a Dealer Member and an Alternative Trading System, the Dealer Member must report. In a transaction between an Alternative Trading System and a client, the Alternative Trading System reports.

    4. A Dealer Member may use an authorized agent to submit transactions to MTRS 2.0. A Dealer Member utilizing an authorized agent for transaction reporting remains responsible for compliance with Rule 7200.

    5. A Dealer Member is required to obtain a Legal Entity Identifier and must comply with all applicable requirements imposed by the Global Legal Entity Identifier System.

    6. Transaction reports made under subsection 7203(1) must accurately and completely reflect the reported transaction and must contain the following data elements relevant to a bond or repurchase agreement transaction or reverse repurchase agreement transaction, as applicable:

    7. No.

      Data

      Description 

      1.

      SECURITY IDENTIFIER

      The ISIN number or CUSIP number assigned to the securities in the transaction

      2.

      SECURITY IDENTIFIER TYPE

      The type of identifier that was submitted, ISIN or CUSIP

      3.

      TRADE IDENTIFIER

      Unique identifier assigned to the transaction by the reporting Dealer Member

      4.

      ORIGINAL TRADE IDENTIFIER

      Included on trade cancelations or corrections

      5.

      TRANSACTION TYPE

      Indicates whether the transaction is new, a cancelation, or a correction

      6.

      EXECUTION DATE

      The day the transaction was executed

      7.

      EXECUTION TIME

      The time at which the transaction was executed, either as recorded by an electronic trading system or time of entry into a trade booking system

      8.

      SETTLEMENT DATE

      The date the transaction is reported to settle

      9.

      TRADER IDENTIFIER

      Assigned by reporting Dealer Member to identify the individual/desk responsible for the transaction

      10.

      REPORTING DEALER IDENTIFER

      The Legal Entity Identifier of the reporting Dealer Member

      11.

      COUNTERPARTY TYPE

      Indicates whether the counterparty was a client, non-client, a Dealer Member, a Dealer Member acting as an Alternative Trading System, an inter-dealer bond broker (IDBB), an issuer or a bank

      12.

      COUNTERPARTY IDENTIFIER

      The Legal Entity Identifier of the counterparty, when the counterparty is a Dealer Member, bank, inter-dealer bond broker (IDBB), or Alternative Trading System. Bank trades are defined as trades with Schedule I chartered banks and Canadian offices of Schedule II chartered banks

      13.

      CLIENT ACCOUNT TYPE

      Indicates whether the client is a retail client or an institutional client. This field must be populated if the counterparty type is ‘client’

      14.

      CLIENT LEI

      The Legal Entity Identifier of the client supervised as an institutional client.

      15.

      CLIENT ACCOUNT IDENTIFIER

      The account number of the client supervised as a retail client. 

      16.

      INTRODUCING/ CARRYING DEALER INDICATOR

      Indicates whether the reporting Dealer Member acted in the capacity of an introducing broker or carrying broker

      17.

      ELECTRONIC EXECUTION INDICATOR

      Indicates if the transaction was executed on or facilitated through an electronic trading venue

      18.

      TRADING VENUE IDENTIFER

      The Legal Entity Identifier of the electronic trading venue

      19.

      SIDE

      Indicates whether the reporting Dealer Member was a buyer or seller

      20.

      QUANTITY

      Par value of securities

      21.

      PRICE

      The price at which the transaction was executed, including any mark-ups or mark-downs or commission

      22.

      BENCHMARK SECURITY IDENTIFIER

      The ISIN or CUSIP of the bond used as pricing benchmark (if any)

      23.

      BENCHMARK SECURITY IDENTIFIER TYPE

      The type of identifier that was submitted, ISIN or CUSIP

      24.

      YIELD

      The yield as stated on the client confirmation 

      25.

      COMMISSION

      For retail client transactions, the total amount of any mark-up or mark-down, commission or other services charges as stated on the client confirmation 

      26.

      CAPACITY

      Indicates whether the Dealer Member acted as principal or agent (riskless principal trades reported as principal)

      27.

      PRIMARY MARKET

      Special condition indicator to indicate that the transaction is being submitted by an underwriter of a new issue of debt securities and that, at the time of the transaction, the securities were subject to a fixed price offering agreement. “Take-down” allocations from a syndicate manager to syndicate members are included in this designation as well as customer allocations by any member of the underwriting group subject to a fixed price offering agreement at the time of trade

      28.

      RELATED PARTY INDICATOR

      Special condition indicator to indicate that the counterparty is an affiliate of the Dealer Member

      29.

      NON RESIDENT INDICATOR

      Special condition indicator to indicate that the transaction is one with a non-resident counterparty

      30.

      FEE BASED ACCOUNT INDICATOR

      Special condition indicator to indicate that the transaction is for a retail client account paying non-transaction-based fees as partial or full remuneration for the Dealer Member’s transaction execution services

      Elements specific to repurchase agreement transactions or reverse repurchase agreement transactions:

      No.

      Data

      Description

      31.

      REPO AGREEMENT IDENTIFIER

      Unique identifier assigned to the repurchase agreement transaction or reverse repurchase agreement transaction by the reporting Dealer Member

      32.

      REPO TYPE

      Indicates whether the transaction was conducted as part of a repurchase agreement, a reverse repurchase agreement, a sell/buy-back, or a buy/sellback

      33.

      REPO TERM

      Indicates whether the repurchase agreement transaction or reverse repurchase agreement transaction has fixed term or is an open term repurchase agreement transaction or reverse repurchase agreement transaction.

      May indicate whether repurchase agreement transaction or reverse repurchase agreement transaction is evergreen or extendable. Optional values

      34.

      REPO MATURITY DATE

      The maturity date if the repurchase agreement transaction or reverse repurchase agreement transaction has a term

      35.

      CURRENCY OF REPO

      The currency denomination of the cash payment used for the initial purchase of the security in a repurchase agreement or reverse repurchase agreement

      36.

      REPO RATE

      The repurchase agreement or reverse repurchase agreement interest rate. If the interest rate is not a term of the contract, then it is the interest rate implied by the difference between the sale (purchase) price and its repurchase (resale) price

      37.

      REPO HAIRCUT

      The repurchase agreement or reverse repurchase agreement haircut. If the haircut is not a term of the contract, then it is the haircut implied by the disparity between the purchase price and the market value of the security at the time of initial purchase

      38.

      REPO COLLATERAL SECURITY TYPE

      Where the Dealer Member is aware of the collateral being used, indicates the type of identifier that was submitted for a single security, (ISIN or CUSIP), or if the repurchase agreement transaction or reverse repurchase agreement transaction is for multiple securities.

      Where the Dealer Member is not aware of the collateral being used, indicates general.

      39.

      REPO COLLATERAL SECURITY IDENTIFER

      The ISIN or CUSIP number of the security underlying a repurchase agreement transaction or reverse repurchase agreement transaction at the beginning of the agreement if a single security is used as collateral

      40.

      CLEARING HOUSE

      If the repurchase agreement transaction or reverse repurchase agreement transaction was centrally cleared, the Legal Entity Identifier of the central clearing house

      41. TRI-PARTY REPO INDICATOR Indicates whether the repurchase agreement transaction or reverse repurchase agreement transaction is a tri-party repo.
    8. The reporting Dealer Member must ensure that the registration status of its Legal Entity Identifier has not lapsed.

    There is no history log for this rule.

    There is no history log for this rule.