IIROC publishes Annual Exemption Report - Committed to transparency

TORONTO, June 4, 2013 /CNW/ - The Investment Industry Regulatory Organization of Canada (IIROC) today released its second annual Exemption Report outlining exemptions granted to members from certain Dealer Member Rules, including proficiency requirements, as well as specific Universal Market Integrity Rules (UMIR).

"The release of this comprehensive report is in keeping with our commitment to be as transparent as possible and will help firms better understand the types of exemptions that IIROC may grant in appropriate circumstances," said Paul Riccardi, IIROC's Senior Vice-President, Enforcement, Member Policy and Registration.

The report provides a detailed summary outlining why certain types of exemptions were granted or refused. The full publication can be accessed at: http://docs.iiroc.ca/DisplayDocument.aspx?DocumentID=98F06485415440DE8BEA1B6AF261D274&Language=en.

This complements a range of other documents published by IIROC that provide details of its operational and regulatory activities. Publications including IIROC's Annual Compliance Report, Enforcement Report, Annual Report and Strategic Plan can be accessed on IIROC's website at www.iiroc.ca

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IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.  Created in 2008 through the consolidation of the Investment Dealers Association of Canada and Market Regulation Services Inc., IIROC sets high quality regulatory and investment industry standards, protects investors and strengthens market integrity while maintaining efficient and competitive capital markets.  IIROC carries out its regulatory responsibilities through setting and enforcing rules regarding the proficiency, business and financial conduct of dealer firms and their registered employees and through setting and enforcing market integrity rules regarding trading activity on Canadian equity marketplaces.

SOURCE: Investment Industry Regulatory Organization of Canada (IIROC) - General News