Industry

NOTICE OF COMMISSION APPROVAL

INVESTMENT INDUSTRY REGULATORY ORGANIZATION OF CANADA (IIROC)

AMENDMENTS RESPECTING CLIENT IDENTIFIERS FOR REPORTABLE DEBT TRANSACTIONS

 

The Ontario Securities Commission has approved IIROC’s proposed amendments to the Dealer Member Rules respecting Client Identifiers for Reportable Debt Transactions (Amendments). 

The Amendments change the reporting requirements for debt securities as published in the Amendments Respecting Client Identifiers on April 18, 2019 by requiring Dealer Members to report the following client identifiers for transactions in debt securities:

  • Legal Entity Identifier for a client supervised as an institutional client, and
  • account number for a client supervised as a retail client.

The Amendments were published for public comment on July 11, 2019. IIROC received two comment letters on the Amendments and no changes have subsequently been made to the Amendments. A copy of the IIROC Approval Notice, including the text of the Amendments, can be found at http://www.osc.gov.on.ca.

The Amendments come into force on October 18, 2019, being 1 day after the publication of this Notice.

In addition, the Alberta Securities Commission, the Autorité des marchés financiers, the British Columbia Securities Commission, the Financial and Consumer Affairs Authority of Saskatchewan, the Financial and Consumer Services Commission of New Brunswick, the Manitoba Securities Commission, the Northwest Territories Office of the Superintendent of Securities, the Nova Scotia Securities Commission, the Nunavut Office of the Superintendent of Securities, the Office of the Superintendent of Securities, Service Newfoundland and Labrador, the Prince Edward Island Office of the Superintendent of Securities, and the Yukon Office of the Superintendent of Securities have approved or not objected to the Amendments.