Request for Comment - Proposed Amendments to the IIROC Rules and Form 1 relating to the Futures Segregation and Portability Customer Protection Regime - Investment Industry Regulatory Organization of Canada (IIROC)

Market Regulation Document Type
IIROC rule review

IIROC is publishing for public comment proposed amendments to IIROC Rules and Form 1 relating to the futures segregation and portability customer protection regime (collectively, the Proposed Amendments). The Proposed Amendments are required to align IIROC’s requirements with expected rule changes at the Canadian Derivatives Clearing Corporation (CDCC). CDCC is proposing a new customer protection segregation and portability (Seg and Port) regime to comply with international standards. The new Seg and Port regime introduces another customer protection model that is separate from the Canadian Investor Protection Fund (CIPF) customer protection model, and therefore requires corresponding operational and reporting separation to address the two models.

The objective of the Proposed Amendments is to ensure that both the existing CIPF customer protection regime and the new Seg and Port regime can provide their protections without significant impacts to clients.

A copy of the IIROC Notice, including the Proposed Amendments, is also published on our website at www.osc.ca. The comment period ends on September 7, 2021.