Canadian Investment Regulatory Organization (CIRO) - Request for Comments - Proposed Rule Amendments for Fully Paid Securities Lending and Financing Arrangements
The Canadian Investment Regulatory Organization (CIRO) is publishing, for a 60-day comment period, proposed amendments to the Investment Dealer and Partially Consolidated Rules (IDPC) and IDPC Form 1 relating to fully paid securities lending and financing arrangements (the Proposed Amendments). The Proposed Amendments are intended to enhance the rule framework by establishing specific requirements for Dealers when borrowing fully paid or excess margin securities from clients, including retail clients, and address inconsistencies in the existing financing arrangement rules.
CIRO’s notice sets out the process for submitting comments.
Comment Period Expires: April 15, 2024
Published: February 15, 2024