7204. Reporting timeframes

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    1. A Dealer Member must ensure that a transaction report for which the Dealer Member is responsible is received by IIROC in proper form and with complete and accurate information within the following timeframes:

      1. for transactions in debt securities with ISIN or CUSIP Numbers assigned on the date of trade execution:

        1. if the date of trade execution is a business day and the time of transaction execution is no later than 4:00 p.m., the report must be made no later than 10:00 p.m. on the same business day as the date of trade execution,

        2. if the date of trade execution is a business day and the time of transaction execution is after 4:00 p.m., the report:

          1. may be made by 10:00 p.m. on the same business day as the date of the transaction execution, and

          2. must be made no later than 10:00 p.m. on the first business day following the date of trade execution, and

        3. for all other transactions, including those executed on a Saturday, Sunday, or any officially recognized Federal or Provincial statutory holiday on which the system is closed, the report must be made no later than 10:00 p.m. on the first business day following the date of trade execution,

      2. provided, however, that:

      3. for transactions in new issue debt securities with no ISIN or CUSIP number assigned, a transaction report required under clause 7203(2)(i) must be made:

        1. where the ISIN or CUSIP is assigned before 4:00 p.m., no later than 10:00 p.m. on the same business day that the ISIN or CUSIP number is assigned,

        2. where the ISIN or CUSIP is assigned after 4:00 p.m., no later than 10:00 p.m. on the first business day following the day that the ISIN or CUSIP was assigned.

    2. Upon a successful submission and receipt by IIROC of transaction reports, MTRS 2.0 provides the submitter with file receipts, which must be retained by the Dealer Member:

      1. in a central, readily accessible place for a period of two years from the date of each file receipt, and

      2. in any location from which the File Receipts may be retrieved within a reasonable period of time for a period of seven years from the date of each file receipt.

    There is no history log for this rule.

    There is no history log for this rule.