Notice of Withdrawal – Proposed Amendments to Dealer Member Rules to Permit Partial Swap Strategies – Investment Industry Regulatory Organization of Canada (IIROC)

Market Regulation Document Type
IIROC rule review

IIROC is publishing a Notice withdrawing proposed amendments to Dealer Member Rules to permit partial swap strategies. IIROC initially published for publish comment a proposal on February 13, 2009 relating to Dealer Member Rules 100.4F(a) Interest Rate Swap versus Interest Rate Swap Offset and 100.4F(d) Total Performance Swap versus Total Performance Swap Offset. On February 17, 2012, IIROC republished the initial proposal by including proposed amendments to Dealer Member Rules 100.2(j) Interest Rate Swaps and 100.2(k) Total Performance Swaps regarding unhedged swap positions.

In light of comments received raising concerns about alignment with international developments for regulation of over-the-counter derivatives, the passage of time and recent developments in OTC derivatives regulation both domestically and internationally, IIROC has withdrawn the proposed amendments while they continue to review the issues raised and expect to publish a new proposal in the future.

A copy of the IIROC Notice of Withdrawal can be found at