IIAC PURSUES HARMONIZATION BETWEEN CSA AND IIROC DERIVATIVES RULES
Though we are pleased to see that the current IIROC Derivative Rules proposals reflect several of the IIAC’s prior recommendations, the IIAC recommended that the proposals be harmonized with the equivalent CSA requirements, namely Proposed NI 93-101 Derivatives: Business Conduct, and NI 93-102: Registration.
Given the scope of the proposals and the imposition of new requirements impacting processes, procedures, documentation and systems of the dealer, the IIAC is also advocating for an extended rule implementation period.
For more information contact Jack Rando.