IIROC is proposing amendments to the Dealer Member Rules (DMRs) and corresponding amendments to the IIROC Dealer Member Plain Language Rule Book (IIROC Rules and, together with the DMRs, the Rules) in order to set out in the rules the authority of IIROC Staff (Staff) to grant exemptive relief to Dealer Members (Dealers) from certain client account documentation requirements (the Proposed Amendments).

The Investment Industry Regulatory Organization of Canada (IIROC) is in the process of developing and publishing competency profiles for all IIROC approval categories. The first phase of this project is the publication of competency profiles for its two largest categories of Registered Representative (RR) and Investment Representative (IR).

We are publishing this Consultation Paper to solicit feedback on our proposed competency profile for RRs and IRs.

The Investment Industry Regulatory Organization of Canada (IIROC) is publishing for comment certain proposed amendments to the Dealer Member Rules (DMRs) (the Proposed Amendments) to align with their parallel provisions in the IIROC Dealer Member Plain Language Rule Book (IIROC Rules).

IIROC is publishing for comment proposed amendments (Proposed Amendments) to IIROC Rule 9500 (Rule 9500) to eliminate restrictions on information IIROC can receive from its approved ombudsman service, the Ombudsman for Banking Services and Investments (OBSI).

A blackline of Rule 9500 reflecting the Proposed Amendments is set out in Appendix A. A clean version of Rule 9500 reflecting the Proposed Amendments is set out in Appendix B.

IIROC is publishing for comment proposed amendments (Proposed Amendments) to IIROC’s Universal Market Integrity Rules (UMIR) and the IIROC Rules that would:

• replace the definition of a “non-client order” or “non-client account” with new definitions of “Dealer Related Person order” and “Dealer Related Person account”
• introduce a new definition of “Dealer Member account” into the IIROC Rules.

By implementing the Proposed Amendments, we would ensure consistency:

IIROC is republishing for comment revisions to the previously published proposed amendments to its Dealer Member Rules (DMRs) and Form 1 (collectively, the Proposed Amendments). The Proposed Amendments  are designed to bring debt securities with a normal margin rate of 10% or less (debt securities margined at <=10%) into the existing securities concentration test, and also update the use of credit ratings, and references to credit rating agencies, in the DMRs and Form 1.

IIROC is publishing for comment proposed amendments (Proposed Amendments) to the Dealer Member Rules (DMR) that would require Dealer Members to report the following client identifiers for transactions in debt securities: