Friday July 7 2017
News Source: Global Exchanges
Focus: Trading Rules
Type: General
Country: Canada
Link: http://www.iiroc.ca/Documents/2017/1d1d907f-2dba-4a47-871b-bc7dfefaf015_en.pdf
IIROC is proposing changes to Part A of Rule 3200 of the proposed IIROC Dealer Member Plain Language Rule Book (the Proposed Amendments). The Proposed Amendments are designed to make rules consistent with other domestic standards.
The Proposed Amendments would:
- update the information Dealer Members are required to collect on clients who are not natural persons (such as corporations, partnerships and trusts)
- change the amount of time Dealer Members have to confirm certain client information
- reduce the number of clients who are exempt from Part A of Rule 3200 of the proposed IIROC Dealer Member Plain Language Rule Book (the IIROC Rules).
Please click on the above link for more information.