Change to Companion Policy 21-101CP Marketplace Operation
Change to Companion Policy 21-101CP Marketplace Operation
CHANGE TO
COMPANION POLICY 21-101CP MARKETPLACE OPERATION
1. Companion Policy 21-101CP Marketplace Operation is changed by this Document.
2. Subsection 10.1(6) is replaced with the following:
(6) An “investment grade corporate debt security” is a corporate debt security that has a credit rating from a designated rating organization listed below, from a DRO affiliate of an organization listed below, from a designated rating organization that is a successor credit rating organization of an organization listed below or from a DRO affiliate of such successor credit rating organization, that is at or above one of the following corresponding rating categories or that is at or above a category that replaces one of the following corresponding rating categories:
|
Designated Rating Organization |
Long Term Debt |
Short Term Debt |
|
DBRS Limited |
BBB |
R-2 |
|
Fitch Ratings, Inc. |
BBB |
F3 |
|
Moody’s Canada Inc. |
Baa |
Prime-3 |
|
S&P Global Ratings Canada |
BBB |
A-3 |
In this subsection,
“designated rating organization” has the same meaning as in National Instrument 44-101 Short Form Prospectus Distributions;
“DRO affiliate” has the same meaning as in National Instrument 25-101 Designated Rating Organizations; and
“successor credit rating organization” has the same meaning as in National Instrument 44-101 Short Form Prospectus Distributions..
3. This change becomes effective on June 12, 2018.