Securities Law

BCN 2004/05 - Investment Dealers Association of Canada, Debt Market Regulation Project Review of IDA Member Firms, Final Summary Report [BCN - Rescinded]

Published Date: 2004-01-23
Effective Date: 2004-01-21
Related Document(s):

In December 2001, the Canadian Securities Administrators (CSA) and the Investment Dealers Association of Canada (IDA) began a joint review of the over-the-counter debt markets in Canada. As part of this review, the CSA and IDA retained Deloitte & Touche to conduct a survey of market participants.  The survey asked market participants whether they thought the current regulation of debt market was sufficient and asked them to identify problems or issues in the trading practices of participants in the fixed income market.  The report prepared by Deloitte & Touche (the Deloitte & Touche Report) was published on December 13, 2002.

Based on the findings of that report, the IDA, with input from CSA staff, developed examination programs and conducted reviews of selected dealers to look at the issues raised in the Deloitte & Touche Report and determine whether the dealers were complying with IDA Policy No. 5 and with other requirements related to trading debt securities. Attached is the report summarizing the results of these reviews.


January 21, 2004

 


Douglas M. Hyndman
Chair


Ref:  BCN 2002/49

This Notice may refer to other documents. These documents can be found at the B.C. Securities Commission public website at www.bcsc.bc.ca in the Commission Documents database or the Historical Documents database.