Order Execution Only Services Guidance Published for Comment by IIROC

Firms offering order execution only services and activities will be interested in reviewing guidance published for comment by IIROC.  The proposed guidance represents an update of Member Regulation Notice MR-098 What Constitutes a “Recommendation”? Is a Suitability Determination Required Under Regulation 1300.1.  According to IIROC, since the publication of Member Regulation Notice MR-098 the order execution only business model has evolved significantly.

For further information, please see IIROC Notice 16-0251.  Comments on the proposed guidance are to be submitted to IIROC by December 19, 2016.

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