Request for Comment - Re-publication of Proposed Provisions Respecting Best Execution
REQUEST FOR COMMENT (RE-PUBLICATION)
INVESTMENT INDUSTRY REGULATORY ORGANIZATION OF CANADA (IIROC)
PROVISIONS RESPECTING BEST EXECUTION
IIROC is re-publishing for public comment proposed amendments to the Universal Market Integrity Rules and the Dealer Member Rules respecting best execution. Proposed changes respecting best execution were originally published on December 10, 2015.
The proposed amendments would consolidate and update IIROC’s best execution requirements to assist Dealer Members to comply with their best execution obligations in a multi-marketplace environment. The proposed amendments would result in a policies-and-procedures based best execution obligation that would apply to all Dealer Members, and would more closely align with the CSA definition of “best execution”.
A copy of the IIROC Notice including the proposed amendments is published on our website at www.osc.gov.on.ca. The comment period ends on December 12, 2016.