Notice of Withdrawal of Proposed Rule Amendment - Amendment to IDA Regulation 100.12 and Schedule 2 of Form 1 Regarding Margin Requirements for Securities Held in a Registered Trader's Account
Investment Dealers Association of Canada
Regulation 100.12 And Form 1, Schedule 2 -- Margin Requirements
For Securities Held In A Registered Trader's Account
Withdrawal Of Proposed Rule Amendment
I OVERVIEW
On April 29, 2005, the Ontario Securities Commission published for comment proposed rule amendments to repeal Regulation 100.12(f) and modify Schedule 2 of Form 1 to reflect the transfer of market-making responsibilities from individuals to Member firms by the Toronto Stock Exchange and the Bourse de Montréal.
II WITHDRAWAL
The Association has informed the Canadian Securities Administrators that the Association has withdrawn the proposed rule amendments. In its place, the Association has submitted the same proposed rule amendments, as part of a set of proposals seeking to adopt a new methodology for the margining of equity securities, to ensure that the amendments relating to registered trader account margin requirements will be implemented at the same time as other amendments relating to the margining of equity securities.
Questions may be referred to:
Richard J. Corner
Vice President, Regulatory Policy
Investment Dealers Association of Canada
(416) 943-6908