REQUEST FOR COMMENT
INVESTMENT INDUSTRY REGULATORY ORGANIZATION OF CANADA
REPUBLICATION OF PROPOSED AMENDMENTS TO
CLIENT IDENTIFICATION AND VERIFICATION REQUIREMENTS
IIROC is republishing for public comment proposed amendments to Part A of Rule 3200 of the proposed IIROC Dealer Member Plain Language Rule Book relating to client identification and verification requirements (2018 Proposed Amendments). IIROC originally published proposed amendments for comment on July 6, 2017 in Notice 17-0139 – Proposed Amendments to Client Identification and Verification Requirements (2017 Proposed Amendments).
IIROC now proposes material changes in response to public comments and discussions with stakeholders and the Canadian Securities Administrators (CSA). The primary difference between the 2018 Proposed Amendments and the 2017 Proposed Amendments relate to aligning the identification requirements exceptions with federal standards.
If approved, IIROC plans to implement the proposed amendments when the proposed PLR Rule Book becomes effective.
A copy of the IIROC Notice and appendices is also published on our website at www.osc.gov.on.ca. The comment period ends on May 14, 2018.