IIAC COMMENTS ON IIROC PROPOSED AMENDMENTS RESPECTING NON-CLIENTS
On September 5, 2019, the Investment Industry Regulatory Organization of Canada (IIROC) released for comment proposed amendments to IIROC’s Universal Market Integrity Rules (UMIR). The IIROC Rules 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”. The primary purpose of the change was to unify the terminology used in UMIR and the IIROC Rules.
The IIAC set up a working group to review the proposed amendments and submitted comments to IIROC. You can read our comment letter by clicking here.
If you have any questions, please contact Todd Evans.