Notice of Commission Approval – Amendments to Dealer Member Rules and Form 1 Regarding the Securities Concentration Test and Designated Rating Organizations – Investment Industry Regulatory Organization of Canada (IIROC)

Market Regulation Document Type
IIROC rule review

The Ontario Securities Commission has approved IIROC’s proposed amendments to the Dealer Member Rules and Form 1, regarding the securities concentration test and designated rating organizations (the Amendments).

IIROC originally published proposed amendments for comment on August 9, 2018. Considering the comments received, the Amendments were republished for comment on August 29, 2019. IIROC has made non-substantive changes to the Amendments as published in 2019 in response to comments received. A summary of the public comments and IIROC’s responses, as well as the IIROC Notice including the Amendments, can be found at

The Amendments will be effective on September 1, 2022.

In addition, the Alberta Securities Commission; the Autorité des marchés financiers; the British Columbia Securities Commission; the Financial and Consumer Affairs Authority of Saskatchewan; the Financial and Consumer Services Commission of New Brunswick; the Manitoba Securities Commission; the Northwest Territories Office of the Superintendent of Securities; the Nova Scotia Securities Commission; the Nunavut Securities Office; the Office of the Superintendent of Securities, Service Newfoundland and Labrador; the Office of the Yukon Superintendent of Securities; and the Prince Edward Island Office of the Superintendent of Securities have approved or not objected to the Amendments.