Notice of Commission Approval - Amendment to IDA Regulation 100 - Capital and Margin Requirements for Capital Trust Securities

Investment Dealers Association rule review
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THE INVESTMENT DEALERS ASSOCIATION OF CANADA (IDA)

AMENDMENTS TO IDA CAPITAL AND MARGIN REQUIREMENTS

FOR CAPITAL TRUST SECURITIES

NOTICE OF COMMISSION APPROVAL

The Ontario Securities Commission approved amendment to IDA Regulation 100 - Capital and Margin Requirements for Capital Trust Securities. In addition, the Alberta Securities Commission approved and the British Columbia Securities Commission did not object to the amendment. The proposal establishes specific capital and margin requirements for capital trust securities that are reflective of their market risk by allowing these securities the same margin treatment as any other issue that qualifies as regulatory capital, provided that the financial institution is under the regulatory oversight of the Office of the Superintendent of Financial Institutions. The amendment is housekeeping in nature. The description and a copy of the amendment is contained in Chapter 13 of this Ontario Securities Commission Bulletin.