Friday July 7 2017
News Source: Global Exchanges
Focus: Trading Rules
Type: General
Country: Canada
Link: http://www.iiroc.ca/Documents/2017/1b8dfd31-462d-4a5d-8bdb-3cc2605b9d2c_en.pdf
The Investment Industry Regulatory Organization of Canada (IIROC) on 6th July 2017 published guidance on best execution.
In order to meet the requirements in Rule 3300, a Dealer Member must be able to demonstrate that its policies and procedures are reasonably designed to achieve best execution when acting for a client. Due to the dynamic nature of the structure of the Canadian market, Rule 3300 also requires Dealer Members to regularly review the way in which they manage client orders and order flow in order to ensure that their best execution policies and procedures remain effective.
The Guidance clarifies various requirements in Rule 3300 and provides further detail as to how Dealer Members can comply with these requirements in a series of frequently asked questions and responses.
Please click on the above link for more information.