The IIAC provided comments to IIROC on proposed amendments to Form 1 regarding Securities Concentration Test and Designated Rating Organizations. While IIROC’s republished proposal address some of the prior concerns raised by the IIAC, we maintain the implementation period may not be sufficient for many firms, or their service providers, to finalize new reports, complete the necessary system changes and test systems. The IIAC requests that IIROC provide members additional time to implement the changes.
For more information, please contact Jack Rando.