Canadian securities regulators have approved amendments to the Investment Industry Regulatory Organization of Canada’s rules, eliminating the IIROC’s internal appeal panels.

In Friday’s OSC Bulletin, it was reported that regulators approved the amendments, which were part of a set of proposed amendments submitted by the IIROC (at the time, the Investment Dealers Association of Canada) that were published on June 22, 2007. One comment letter on the amendments was received, from Scotia Capital Inc.

The notice adds that the proposed amendments included changes that were intended to clarify IIROC’s continuing jurisdiction over former members and approved persons.

Staff of the Canadian Securities Administrators continue to review this part of the proposed amendments, it says.

IE