The Investment Industry Regulatory Organization (IIROC) continues to accept exemption applications and extends existing relief to firms impacted by the COVID-19 pandemic.
On January 5, 2021, IIROC published a notice extending staff's authority to review COVID-19 related exemptive relief applications until March 31, 2021. As we had , on March 31, 2020, IIROC announced that it would consider applications for temporary exemptive relief from certain Dealer Member Rule requirements for firms experiencing hardships due to the COVID-19 pandemic. In order to facilitate the timely consideration of each exemption application, discretion was delegated to senior staff members to assess and decide upon exemption applications for a limited period of time which has now been extended. In addition, staff has also been granted the authority to extend existing exemptions until June 30, 2021.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
