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SOURCE Investment Industry Regulatory Organization of Canada (IIROC) - General News
Amendments bolster capital markets efficiency
TORONTO, Sept. 6, 2013 /CNW/ - The Investment Industry Regulatory Organization of Canada (IIROC) announced today rule amendments relating to trade matching and trade confirmation delivery requirements that take effect October 1, 2013.
Approved by the Canadian Securities Administrators (CSA), these amendments will:
"These amendments give dealer members greater flexibility in meeting their trade matching and trade confirmation obligations, while ensuring the timely reporting of trades to clients," said Paul Riccardi, IIROC's Senior Vice-President, Enforcement, Member Policy & Registration.
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.
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