TORONTO, July 12, 2012 /CNW/ - The Investment Industry Regulatory
Organization of Canada (IIROC) today published for comment a concept
paper that proposes to introduce a new class of IIROC Member called
"Restricted Dealer Member".
The "Restricted Dealer Member" proposal is part of a framework developed
to facilitate transitioning firms carrying out brokerage activities
through an exempt market dealer registration to an investment dealer
registration and subject to IIROC supervision.
Stakeholders are encouraged to provide input on the issues outlined in
the concept paper which is accessible from the IIROC web site at www.iiroc.ca. The request for comments is open for 90 days.
IIROC is the national self-regulatory organization which oversees all
investment dealers and trading activity on debt and equity marketplaces
in Canada. Created in 2008 through the consolidation of the Investment
Dealers Association of Canada and Market Regulation Services Inc.,
IIROC sets high quality regulatory and investment industry standards,
protects investors and strengthens market integrity while maintaining
efficient and competitive capital markets.
IIROC carries out its regulatory responsibilities through setting and
enforcing rules regarding the proficiency, business and financial
conduct of dealer firms and their registered employees and through
setting and enforcing market integrity rules regarding trading activity
on Canadian equity marketplaces.
SOURCE Investment Industry Regulatory Organization of Canada (IIROC) - General News
For further information:
Vice President, Public Affairs