The Canadian Investment Regulatory Organization (CIRO), Canada’s national self-regulatory organization that oversees all investment dealers, mutual fund dealers and trading activity on Canada’s debt and equity marketplaces, is publishing for a comment (the Request for Comment) for a period ending October 2nd, 2023. The Request for Comment will seek stakeholder input on proposed amendments to refine and clarify the registration and proficiency requirements in the Investment Dealer and Partially Consolidated Rules (the Proposed Amendments). CIRO is publishing the Proposed Amendments for comment to clarify differing views of the interpretation of the requirements impacted by the Proposed Amendments.
Specifically, the Proposed Amendments:
- refine the proficiency requirements in Rule 2600,
- clarify redundant and ambiguous language in Rules 2500, 2600, 2700, and 3900, and
- make consequential changes to cross-references and terminology arising from the foregoing changes.
The Request for Comment and The Proposed Amendments are available for download from the website of the Ontario Securities Commission.
For more information, please call Barbara Hendrickson at BAX Securities Law (647) 403-4606.
This publication is not intended to constitute legal advice. No one should act on it or refrain from acting on it without consulting with a lawyer. BAX does not warrant or guarantee the accuracy or currency or completeness of the publication. No part of this publication may be reproduced without the prior written permission of BAX Securities Law.
