CANADA: IIROC to Launch Corporate Bond Information Site

Friday June 24 2016

The Investment Industry Regulatory Organisation of Canada (IIROC) will launch a new corporate bond information web site on 06 July 2016, which will provide all market participants with trade information on corporate debt securities to assist investment decisions.

The website aims to increase post-trade transparency, facilitate more informed decision-making by all market participants and enhance debt market regulation. Under the first phase, trade information will be published two days after execution beginning on 06 July. By 01 July, 2017, the IIROC IP will report trades by all IIROC regulated firms. Caps on reported trade volume and a two-day delay in publication will help mitigate any potential effects on market liquidity.

As of November, 2015, IIROC’s debt transaction reporting rules have required firms classified as government securities distributors to report all debt trade information to the public interest regulator.

IIROC will announce the web address of the new site in July 2016, when corporate trade data goes live.

Please click the above link for more information.