IIROC clarifies calculation methodology for conversions and reconversions

Posted on December 7, 2010

On December 3, the Investment Industry Regulatory Organization of Canada published amendments to its Dealer Member Rules that "make it explicit which option values are to be used in calculating minimum capital and margin requirements for all of the Conversion and Reconversion offset strategies." The amendments take effect on January 4, 2011. For more information, see IIROC Notice 10-0322.

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