Industry


THE INVESTMENT INDUSTRY REGULATORY ORGANIZATION OF CANADA (IIROC)

AMENDMENTS RELATING TO PERSONAL FINANCIAL DEALINGS WITH CLIENTS

NOTICE OF WITHDRAWAL

IIROC is publishing a Notice withdrawing proposed amendments to Dealer Member Rules (DMR) 42 and 43 relating to Personal Financial Dealings with Clients (“proposed amendments”). The proposed amendments were published for public comment on April 24, 2014. See IIROC Rules Notice – Request for Comments – Proposed Personal Dealing Amendments (2014). With the withdrawal, IIROC will implement DMR 43.2(5)(i) as published in IIROC Notice 13-0162, effective October 6, 2017. Once DMR 43.2(5)(i) is implemented, employees and Approved Persons will not be able to act as Powers of Attorney, trustees or executors for a client or have control over the financial affairs of a client unless they are related to that client and, for Registered Representatives and Investment Representatives, have received approval.

A copy of the IIROC Notice stating the reasons for the withdrawal is published on our website at http://www.osc.gov.on.ca.