IIROC releases amendments to rules respecting interpretation and standards
The Investment Industry Regulatory Organization of Canada (IIROC) today released proposed amendments to its rules regarding interpretation and standards. The amendments, released as part of IIROC's plain language rule rewrite project, are intended to remove unnecessary rule provisions, clarify IIROC's expectations with respect to certain rules, ensure that the rules reflect actual IIROC practices and ensure consistency with other IIROC rules and applicable securities legislation. The proposed amendments are open to a 90-day comment period. For more information, see IIROC Notice 12-0005.
