Canadian Investment Regulatory Organization (CIRO) - Request for Comments: Republication of Proposed Amendments - Fully paid lending and financing arrangements

CIRO - Rules Bulletin - Request for Comments - Republication of Proposed Amendments - Fully paid lending and financing arrangements
CIRO - Revised Proposed Amendments to IDPC Rules [Clean - Appendix A]
CIRO - Revised Proposed Amendments to IDPC Rules [Blackline - Appendix B]
CIRO - Revised Proposed Amendments to IDPC Rules [Blackline - Appendix C]
CIRO - Proposed Amendments to Form 1 [Clean - Appendix D]
CIRO - Proposed Amendments to Form 1 [Blackline - Appendix E]
CIRO - Revised Guidance on fully paid securities lending [Clean - Appendix F]
CIRO - Revised Guidance on fully paid securities lending [Blackline - Appendix G]
CIRO - Revised FPL Securities eligibility criteria [Clean - Appendix H]
CIRO - Revised FPL Securities eligibility criteria [Blackline - Appendix I]
CIRO - Summary of public comments [Appendix J]

The Canadian Investment Regulatory Organization (CIRO) is publishing, for a 30-day comment period, proposed revisions to the Investment Dealer and Partially Consolidated (IDPC) Rules amendments relating to fully paid securities lending and financing arrangements. The original proposal was published in Bulletin 24-0067. CIRO’s proposed revisions include the removal of the of a restriction in IDPC Rule, subsection 4628(1) that was initially proposed and non-material consequential and clarifying revisions to IDPC Rule clause 4622(1)(i), IDPC Rule subsection 4265(1), IDPC Rule section 4628, and IDPC Rule subsection 4630(1). Further to the IDPC Rule revisions, CIRO has also made consequential and clarifying changes to the Draft FPL Guidance, and the FPL securities eligibility criteria. CIRO’s notice sets out the process for submitting comments.

Comment Period Expires: November 16, 2025

Published: October 16, 2025