The Investment Industry Regulatory Organization of Canada’s (IIROC) announced Thursday that the various members of the Canadian Securities Administrators (CSA) have approved the self-regulatory organization’s latest proposal to streamline and rationalize its enforcement rules into a single, consolidated set of rules.
The consolidated rules are being introduced to replace the two different sets of enforcement rules for dealers and markets that currently exist.
They also clarify current rules relating to compliance examinations, and update rules relating to registration approvals and reviews, says the Ontario Securities Commission (OSC) in a notice announcing the approval.
The new rules are slated to take effect on September 1.
Photo copyright: olegdudko/123RF