News Centre

Investment Industry Regulatory Organization Of Canada Welcomes Canadian Securities Administrators' Client Focused Reforms

Date 21/06/2018

The Investment Industry Regulatory Organization of Canada (IIROC) today welcomed the Canadian Securities Administrators' (CSA) proposed amendments to National Instrument 31-103 and Companion Policy 31-103CP, which will fundamentally enhance the client registrant relationship.

IIROC has worked collaboratively with the CSA in developing the client focused reforms in order to better align the interests of investment dealers, advisers and representatives with the interests of their clients, improve outcomes for clients and make clearer to clients the nature and the terms of their relationships with registered advisors.

We appreciate the opportunity to participate in this important initiative with the CSA, with whom we share a commitment to require registrants to promote the best interests of clients and put clients' interests first.  It is important that we continue to work together toward harmonizing these requirements across regulatory platforms and setting a higher standard of conduct for all registrants.

We believe that the proper management of conflicts of interest, and compensation-related conflicts in particular, which are among the issues dealt with in these reforms, is critical to improving public confidence in our capital markets and our financial system.

IIROC is the national self-regulatory organization that oversees all investment dealers (close to 170 across Canada and more than 28,000 registrants) and their trading activity in Canada's debt and equity markets. IIROC sets high quality regulatory and investment industry standards, protects investors and strengthens market integrity while supporting healthy Canadian 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 debt and equity marketplaces.

Canadian Securities Regulators Align To Publish Harmonized Response To Concerns With The Client-Registrant Relationship - CSA Publishes Reforms To Put Clients’ Interests First And Indicate Policy Decision On Embedded Commissions

Date 21/06/2018

The Canadian Securities Administrators (CSA) today published two notices concerning investor protection initiatives. The first requests public comment on detailed reforms (Client Focused Reforms) to obligations of registered firms and individuals (registrants). The second sets out the intended policy decision with respect to mutual fund embedded commissions. These initiatives aim to better align the interests of registrants and investors, improve investor outcomes, and raise the bar for registrant conduct.

The Swiss Stock Market Is Buzzing! In A Filmed Interview, Werner Bürki, Head Trading, Securities & Exchanges, SIX, Comments On The Positive Momentum Seen In 2018 So Far

Date 21/06/2018

The Swiss exchange – run by SIX – offers excellent trading conditions as well as premium products and services for all participants. How is the Swiss exchange doing in the first six months of 2018?

Communiqué Of The Thirty-Seventh Meeting Of The International Monetary And Financial Committee - Chaired By Mr. Lesetja Kganyago, Governor Of The South African Reserve Bank

Date 21/06/2018

The Committee expresses its deep gratitude to its former Chair, Mr. Agustín Carstens, for his invaluable contribution to the work of the Committee during 2015-17, and extends its best wishes to him as the General Manager of the Bank for International Settlements. The Committee welcomes Governor Lesetja Kganyago as its new Chairman.

ECB: Working Group On Euro Risk-Free Rates Launches Consultation On Potential Successors To EONIA

Date 21/06/2018

• Working group on euro risk-free rates calls for comments on its assessment of three candidate euro risk-free rates
• Consultation runs until 17:00 CET on 13 July 2018

Exchange Of Letters Between The Governor Of The Bank Of England And Chancellor On The Bank’s Financial Framework

Date 21/06/2018

The Treasury and Bank of England have agreed a new financial framework for the Bank which provides it with the resources required to carry out the wider monetary and financial stability responsibilities it has been given by Parliament since the last funding agreement five years ago. This is set out in a memorandum of understanding on the financial relationship between HM Treasury and the Bank.

Finansinspektionen: Changes In Reporting Of Holdings

Date 21/06/2018

Finansinspektionen is making changes to the reporting of holdings for funds. The changes will go into effect in January 2019.The changes to the reporting aim to achieve more effective supervision of both individual funds and the fund market as a whole.

Moscow Exchange: Risk Parameters For New Bonds

Date 21/06/2018

New bonds will be accepted to margin trading. From this date on, the following risk parameters will be applied:

EBA Launches Its Staff Papers Series

Date 21/06/2018

The European Banking Authority (EBA) launched today its Staff Papers series, which provides a platform for EBA staff to disseminate research and thematic analyses to a wider public. The EBA Staff Papers series will make available selected studies on financial regulation, supervisory policy and legal issues of general interest with the aim of stimulating discussion and public debate. 

Moscow Exchange: Settlement Prices For Futures On Currency Pairs

Date 21/06/2018

The 21st June 2018 is the settlement date for futures on currency pairs.