Notice of Commission Approval – Non-Material Amendments to Schedule 12 of Form 1 and its Notes and Instructions Relating to Margin on Futures Concentrations and Deposits – Investment Industry Regulatory Organization of Canada (IIROC)

Market Regulation Document Type
IIROC rule review

The Ontario Securities Commission has approved IIROC’s proposed non-material amendments to Schedule 12 of Form 1 and its Notes and Instructions relating to margin on futures concentrations and deposits. The amendments enhance Dealer Member clarity and certainty in the Schedule and the required margin calculations.

The amendments were republished for public comment on June 23, 2016. An original proposal was published for public comment on January 20, 2012. In response to Canadian Securities Administrators (“CSA”) comments received, IIROC concluded that it would be prudent to divide the original proposal into two separate proposals. No comment letters were received for the republished proposed amendments. No changes to the proposed amendments, as set out in Notice 16-0142, were made.

The amendments will be effective on April 28, 2017. A copy of the IIROC Notice including the amendments can be found at

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 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 or not objected to the amendments.