On January 19, 2015, IIROC announced that the CSA had approved IIROC 2015 and 2016 CRM2 rules. IIROC dealers had already implemented 2014 CRM2 requirements, worked extensively on 2015 and 2016 implementation, and done as much of the analytical work as possible for CRM2 components where significant uncertainty remained, but major development work for 2015 couldn’t be planned further without final CRM2 rules. This delay compressed the two years the CSA had allotted for July 15, 2015 CRM2 rule implementation to less than six months. This is a time compression of 75%.
The final rules are good news. Questions regarding … Continue reading