The Investment Industry Regulatory Organization of Canada (IIROC) has republished, for public comment for a period ending June 13, 2022, proposed amendments to the IIROC Rules (the Proposed Amendments). The goal of the Proposed Amendments (previously published in IIROC Rules Notice 19-0200) is to modernize and simplify its derivatives-related requirements (the Initial Publication).
IIROC has revised the Proposed Amendments, set out in the Initial Publication, that are designed to:
- reproduce most of the Proposed Amendments using the updated version of the IIROC Rules which were implemented on December 31, 2021, and propose changes to some of the Proposed Amendments to address issues raised and suggestions made in the comment letters received on the Initial Publication, as well as comments from the Canadian Securities Administrators.
The revisions to the Proposed Amendments align with the objectives and considerations outlined in the Initial Publication.
A copy of the IIROC Notice, including the text of the Proposed Amendments, is available for download from the website of the Ontario Securities Commission.
For more information, please call Barbara Hendrickson at BAX Securities Law (416) 601 1004.
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.
