Securities loan (with set-off)

This agreement is between a Dealer Member and another entity (including another Dealer Member) in which one party is the lender of securities and the other is the borrower of the securities and it requires that the borrower pledge collateral (money, securities or both) to the lender. In this agreement there is a set-off provision allowing each party to set-off and apply the amount owed by the other against any of its obligations to the other party. Because of the set-off provision, the securities loaned and the securities pledged as collateral are required under section 5840 of the IIROC Rules, cash and securities loan agreements, to be free and clear of any trading restrictions and signed for transfer. 

Section 5840 requires a Dealer Member to execute a written securities loan agreement for cash and securities loan transactions to avoid margin penalties in Form 1.

Securities loan (with set-off) - Attachment (pdf)

MFDA and IIROC have consolidated

As of January 1, 2023 the MFDA and IIROC have come together as New Self-Regulatory Organization of Canada (New SRO).

New SRO has assumed the regulatory responsibilities of the MFDA and IIROC.

We have set up an interim website for updates and information related to the New SRO including:

  • Executive Management
  • Governance
  • New SRO Rules
  • Member Application
  • Investor Office and the Investor Advisory Panel
  • Information concerning mutual fund dealers registered in Québec
  • Complaints
  • Careers

Enforcement proceedings, membership lists, continuing education, investor education resources and any other information not set out above continue to reside on www.mfda.ca and www.iiroc.ca.