Securities Law & Instruments

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STRIP BOND INFORMATION STATEMENT ACCEPTED
UNDER ONTARIO SECURITIES COMMISSION RULE 91-501 – STRIP BONDS



On June 4, 2014, the Director accepted a revised form of strip bond information statement (the Information Statement) submitted by the Investment Industry Regulatory Organization of Canada (IIROC) pursuant to section 4.2 of Ontario Securities Commission Rule 91-501 – Strip Bonds (the Strip Bond Rule). The Director's acceptance is evidenced in a decision document dated June 4, 2014 (the Decision Document) which is published, with the Information Statement, in Chapter 2 of this Bulletin.

The revised Information Statement is substantially the same as an earlier information statement dated June 2003 (the 2003 Information Statement) which was submitted by IIROC’s predecessor, the Investment Dealers Association, and accepted by the Director under section 4.2 of the Strip Bond Rule on July 28, 2003. The differences between the Information Statement and the 2003 Information Statement are set out in paragraph 12 of the Decision Document.

Further information regarding the use of the Information Statement by IIROC-regulated investment dealers and market participants that are not regulated by IIROC can be found in IIROC Notice 14-0158 dated June 26, 2014, available on the IIROC website at www.iiroc.ca.

It is expected that the June 2003 Information Statement will be revoked on or around January 2, 2015.

Contact:

Winnie Sanjoto
Senior Legal Counsel
Corporate Finance
416-593-8119
wsanjoto@osc.gov.on.ca