The Investment Industry Regulatory Organization of Canada (IIROC) today published a proposal for a cost-recovery fee model for debt market oversight. With the growth of debt market activity in recent years, IIROC has published a new debt transaction reporting rule as part of a new framework designed to bring greater regulatory transparency to an asset class held by many Canadians.
The proposed cost-recovery fee model is designed to address the costs associated with IIROC’s debt market oversight activities, including the operation of a new system that will facilitate the collection and analysis of detailed debt trade reports.
IIROC established an industry working group, representing a significant cross-section of IIROC dealers, to provide advice and guidance in the development of this new proposed fee model for IIROC Dealer Members that trade debt securities.
PRESS RELEASE – IIROC – December 11, 2014.
Want More Investigative Content?
