IIROC is proposing amendments to Rule 2650 – Continuing Education Requirements for Approved Persons (the CE Rules) to address feedback we received following the implementation of our revised continuing education (CE) program.

On February 22, 2018, IIROC published a preliminary proposal (Notice 18-0045) requesting comments on two proposed alternative forms of disciplinary action:

On March 27, 2019, the Board of Directors (the Board) of the Investment Industry Regulatory Organization of Canada (IIROC) approved for publication for comment proposed amendments to subsection 5.3(2) of IIROC By-law No. 1 (the By-law) to change the way in which Director term limits are calculated.

The amendment is subject to final Board, regulatory and Member approvals.  IIROC intends to seek Member approval of the amendment at its Annual General Meeting in September 2019.

The emergence of “digital assets” or “crypto assets” continues to be a growing area of interest for regulators globally. Innovations like distributed ledger technology (DLT) and crypto assets are relatively new and are transforming the landscape of the financial industry. Interest in crypto assets among investors, governments and regulators globally has increased significantly since the creation of bitcoin in 2008 and continues to grow.

Like many jurisdictions globally, the Canadian equity market has evolved rapidly over recent years. Multiple competing marketplaces have launched operations, new participants have entered the market and the ways in which market participants interact have changed. The technology and tools available to achieve a variety of investing and trading objectives have modernized the Canadian market and made it more efficient. This evolution has in turn raised new issues to consider.

IIROC is requesting comment on proposed amendments (Proposed Amendments) to Dealer Member Rule 3200 Minimum Requirements for Dealer Members Seeking Approval Under 1300(T) to Offer an Order-Execution Only Service (DMR 3200) that would:

IIROC is publishing for comment proposed amendments (Proposed Amendments) to the Universal Market Integrity Rules (UMIR) and the Dealer Member Rules (DMR) that would require Dealer Members to report client identifiers to IIROC.

As part of IIROC’s Three-Year Strategic Plan, IIROC adopted an objective to expand our portfolio of Enforcement Options to help us address wrongdoing in a fair and proportionate manner in order to inspire confidence and deter wrongdoing by having and using robust and appropriate tools. To further this objective, Enforcement Staff are considering two proposals to provide for alternative forms of disciplinary action.

IIROC is publishing for comment proposed amendments (Proposed Amendments) to the Universal Market Integrity Rules (UMIR) and the Dealer Member Rules (DMR) / IIROC Rules (together, IIROC requirements) that would regulate the trading of listed derivatives on a marketplace for which IIROC acts as the regulation services provider (RSP).

On June 24, 2020, the Board of Directors (the Board) of the Investment Industry Regulatory Organization of Canada (IIROC) approved the publication for comment of proposed amendments to Dealer Member Rule (DMR) subsections 100.2(j) and 100.2(k), and IIROC Rule section 5442 that would allow a grace period in applying the swap counterparty margin requirements (collectively, Proposed Amendments).