Request for Comment – Rule Consolidation Project – Phase 3 – Canadian Investment Regulatory Organization (CIRO)

CIRO rule review and notices
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CIRO is publishing for comment Phase 3 of its Rule Consolidation Project rule proposals. The Rule Consolidation Project will bring together the two member regulation rule sets currently applicable to investment dealers (IDPC Rules) and to mutual fund dealers (MFD Rules) into one set of member regulation rules applicable to both categories of CIRO Dealer Members.

The objective of Phase 3 of the Rule Consolidation Project (Phase 3 Proposed DC Rules) is to adopt rules that are common to the IDPC Rules and MFD Rules and have been assessed as not having a material impact on stakeholders.

The Phase 3 Proposed DC Rules involve the adoption of rules relating to:

  • membership and member business activity approval matters,
  • clearing and settlement of trades and trade delivery standards, and
  • examination, investigation, and enforcement rules.

A copy of the CIRO Bulletin, including the text of the Phase 3 Proposed DC Rules, is also available on the Commission’s website at www.osc.ca. The comment period ends on July 17, 2024.