Notice of Commission Approval – Dealer Member Rule 2800C Transaction Reporting for Debt Securities – Investment Industry Regulatory Organization of Canada (IIROC)
The Ontario Securities Commission approved IIROC’s new Dealer Member Rule 2800C - Transaction Reporting for Debt Securities (“Rule 2800C”). Rule 2800C requires an IIROC Dealer Member to report to IIROC all over-the-counter debt securities transactions that it executes and those of its affiliates that are Government Securities Distributors, on a post-trade basis. Rule 2800C will be implemented in two phases. Phase 1 is effective November 1, 2015 and Phase 2 is expected to become effective on November 1, 2016.
In addition, the British Columbia Securities Commission did not object to, and the Alberta Securities Commission, the Autorité des marchés financiers, the Financial and Consumer Affairs Authority of Saskatchewan, the Financial and Consumer Services Commission of New Brunswick, the Manitoba Securities Commission, the Nova Scotia Securities Commission, the Office of the Superintendent of Securities, Service Newfoundland and Labrador, and the Prince Edward Island Office of the Superintendent of Securities Office have approved the amendments.
Rule 2800C was published for comment on March 7, 2013 and January 9, 2014. Thirteen comment letters in total were received and a summary of the comments and IIROC’s response as well as a copy of the approved Rule 2800C are included in the IIROC Notice, available on our website at http://www.osc.gov.on.ca.