The Investment Industry Regulatory Organization of Canada yesterday proposed a new transaction-based debt market regulation fee model.
While IIROC considered a number of options, it ultimately proposed a fee model based on primary and secondary transactions, with an adjustment to repos for the Bank of Canada fee, as it was found to most closely fit with IIROC's fee model guiding principles of fairness, industry competitiveness, transparency and cost recovery.
IIROC is accepting comments on its proposal until February 9, 2015.
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