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ARTICLE · 08 FEBRUARY 2024

CIRO Continues Rule Consolidation Project In Phase 2

Borden Ladner Gervais LLP
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On January 11, 2024, the Canadian Investment Regulatory Organization (CIRO) published for comment Phase 2 of the Rule Consolidation Project (the Project).

CanadaFinance and Banking
AUM Law
AUM Law
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On January 11, 2024, the Canadian Investment Regulatory Organization (CIRO) published for comment Phase 2 of the Rule Consolidation Project (the Project). The aim of the Project is to consolidate the Investment Dealer and Partially Consolidated Rules (IDPC Rules) and Mutual Fund Dealer Rules (MFD Rules) into a single set of rules, known as the CIRO Dealer and Consolidated Rules (DC Rules). The objective of Phase 2 is to identify and adopt rules that currently apply to investment dealers and mutual fund dealers that are unique to each dealer type, which can be adopted in the DC Rules without a material impact on stakeholders, including investors and the public.

The focus of the proposals is the harmonization of rules related to margin, debt markets and Inter-Dealer Bond Brokers (IDBBs), as well as trading. More details on the specific proposed changes are set out below.

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