IIROC enhancing debt market transparency
TORONTO, July 13, 2016 /CNW/ - The Investment Industry Regulatory Organization of Canada (IIROC) is now publishing corporate bond trade data on a new website, providing all market participants with free information that can help them make better investment decisions.
"The corporate bond information site demonstrates how we can leverage the information that IIROC collects as a public interest regulator to increase transparency and improve market integrity, without duplicating efforts or costs," said IIROC President and CEO Andrew Kriegler. "This initiative underscores how all market participants in Canada can benefit from IIROC's pan-Canadian role."
Since 2013, IIROC has been working to enhance the integrity of Canada's debt market through more timely surveillance, enhanced oversight and increased regulatory transparency. Since November 2015, IIROC's debt transaction reporting rules have required firms classified as government securities distributors to report all debt trade information to the public interest regulator. By July 2017, IIROC will report debt trades by all the firms it regulates.
The corporate bond site is the result of IIROC being selected by the Canadian Securities Administrators (CSA) as the Information Processor (IP) for corporate debt securities, supporting efforts to increase post-trade transparency and enhance debt market regulation. As the corporate debt IP, IIROC is publishing free of charge debt trade information two days after execution.
IIROC is the national self-regulatory organization which oversees all investment dealers and their trading activity in Canada's debt and equity markets. IIROC sets high quality regulatory and investment industry standards, protects investors and strengthens market integrity while supporting healthy Canadian 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