The Canadian Securities Administrators (CSA) have approved the new debt market regulation fee model proposed by the Investment Industry Regulatory Organization of Canada (IIROC).
IIROC says the new cost-recovery fee model for debt market oversight will come into force on Nov. 1, along with a new rule for debt transaction reporting. The new model was developed in consultation with an industry working group and includes all transaction types. IIROC says the new model should both lower per-unit costs for investors and improve competition.
“With the size and significance of the debt market in recent years, IIROC published the 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,” reads a statement released on Oct. 29.
Insurance &Â Investment Journal –Â Andrew Rickard – November 2, 2015.
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