On October 29, 2014, the applicable securities regulatory authorities approved Dealer Member Rule 2800C – Transaction Reporting for Debt Securities (“Rule 2800C”)
Rule 2800C sets out a framework under which Dealer Members are required to report debt securities transactions to IIROC through the Market Trade Reporting System 2.0 (“MTRS 2.0”).
All over-the-counter (“OTC”) debt market transactions executed by a Dealer Member, including those executed on an Alternative Trading System (“ATS”) or through an Inter-Dealer Bond Broker (“IDBB”), must be reported to IIROC on a post-trade basis.
Dealer Members are also responsible to report transactions of their affiliates that are Government Securities Distributors (“GSDs”) to IIROC. Transaction information reported under Rule 2800C will enable IIROC to undertake surveillance and oversight of OTC debt market trading. IIROC will also continue to publish aggregate debt trading statistics, consistent with its current practice.
IIROC – October 30, 2014
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