Notice of Request for Comments – Proposed Material Amendments to Schedule 12 of Form 1 – Margin on Futures Concentrations and Deposits and its Notes and Instructions – Investment Industry Regulatory Organization of Canada (IIROC)
IIROC is republishing for public comment proposed material amendments to the Notes and Instructions to Schedule 12 of Form 1 – Margin on Futures Concentrations and Deposits (the Schedule) (the Material Amendments). The primary objective of the proposed Material Amendments is to reflect the change in the futures markets over the past several years to more timely publication of futures contract margin requirements. The Material Amendments propose to exclude the 15% margin provision in situations where a futures exchange calculates and publishes maintenance margin rates on a daily basis. A copy of the IIROC Notice including the amended documents was also published on our website at http://www.osc.gov.on.ca. The comment period ends on August 22, 2016.