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ARTICLE · 26 MARCH 2009

IIROC Provides Guidance Regarding Product Due Diligence

Blake, Cassels & Graydon LLP
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On March 23, 2009, the Investment Industry Regulatory Organization of Canada published a notice entitled Best Practices for Product Due Diligence, which provides guidance for IIROC dealer members on the introduction and supervision of new financial products.

CanadaFinance and Banking
Blake, Cassels & Graydon LLP
Blake, Cassels & Graydon LLP
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Copyright 2009, Blake, Cassels & Graydon LLP

Originally published in Blakes Bulletin on Securities Regulation, March 2009

On March 23, 2009, the Investment Industry Regulatory Organization of Canada (IIROC) published a notice entitled Best Practices for Product Due Diligence (the Notice), which provides guidance for IIROC dealer members on the introduction and supervision of new financial products.

Process – IIROC had published the Notice for comment on October 16, 2008, indicating submission of comments due by December 15, 2008. Subsequently, IIROC received six comment letters. Concurrent with the Notice, IIROC has also published a notice that summarizes and responds to the comments received.

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