Comments on CSA proposals are due by Oct. 4
Rule changes by IIROC would make the CSA requirements redundant
The temporary exemption does not affect firms that are already subject to the mandatory clearing requirements
CSA oversight review says SRO failed to adequately resolve issues raised in 2015
Resale of foreign securities would be simplified under CSA and OSC amendments
Deadline pushed back until July 28
The regulators’ proposals are intended primarily to address the concerns of foreign dealers and Canadian institutional investors
The results of the review of 65 small firms also provides additional guidance for these firms to meet their obligations
Despite alignment on several issues, best interest standard remains a key point of divergence
The transition to a shorter settlement cycle is consistent with the U.S.