The Investment Industry Regulatory Organization of Canada (IIROC) today published proposed rule amendments and guidance that together seek to update and streamline existing best execution requirements for IIROC-regulated firms. IIROC is proposing to consolidate the best execution requirements in Universal Market Integrity Rules and Dealer Member Rulebook requirements for fair pricing of over-the-counter securities into a single dealer member rule respecting best execution. Today’s publication addresses findings of an IIROC survey that looked at the best execution practices of IIROC-regulated firms.
Investment Industry Regulatory Organization – December 10, 2015.
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