Successes

Successes

The Investment Industry Association of Canada (IIAC) is committed to constructive engagement with securities regulators and governments to fight for cost-effective rules, fight against rules that interfere with business activity and market efficiency, and to promote incentives for capital formation and growth. Our efforts are paying off. Here are some of our victories on your behalf.

 

Highlights of Our 2018 Achievements [PDF]
  • Implementation of the Net Stable Funding Ratio (NSFR)
  • Foreign Issuer Exemption
  • Considerations for Reducing Regulatory Burden for Non-Investment Fund Reporting Issuers

 

Highlights of Our 2017 Achievements [PDF]
  • Order Protection Rule – Proposed Trading Fee Caps
  • Order Protection Rule – Best Execution Procedures for Introducing Firms
  • Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) Reporting Requirements
  • U.S. Tax Withholding – Qualified Intermediary (QI) Related Issues
  • Advantage Tax Rules Pertaining to Investment Management Fees
  • Tax Reporting for Equity Linked Notes
  • BC Financial Institutions Act (FIA) & Credit Union Incorporation Act (CUIA) Review
  • National Housing Act Mortgage-Backed Securities (NHA MBS) Program
  • Net Stable Funding Ratio (NSFR) Treatment and the Canadian Derivatives Clearing Corporation (CDCC)
  • Changes to the Montreal Exchange (MX) Form for reporting of Exchange For Physical (EFP), Exchange For Risk (EFR), and Riskless Basis Cross (RBC)
  • Montreal Exchange – Process to Impose Fines for Minor Violations
  • FTSE Russell Commercial Pricing Policy Regarding Market Data
  • Aggregation of Options and Shares Futures Position – Large Open Position Reporting (LOPR)
  • Changes to the Montreal Exchange Special Terms Transaction Reporting
  • Large Open Position Reporting (LOPR) Certification
  • U.S. Withholding Taxes on Securities Lending Transactions

 

Highlights of Our 2016 Achievements [PDF]
  • Tax Free Savings Accounts (TFSA) Reporting
  • CRM Suitability Assessment
  • Proxy Voting
  • Take-Over Bid Rules
  • “Early Warning” Reporting System
  • Linked Notes
  • Order Protection Rule
  • Late filing penalties on TFSAs
  • Capital Markets Stability Act (CMSA)
  • U.S. Internal Revenue Code Section 871(m)

 

Highlights of Our 2015 Achievements [PDF]
  • Client Relationship Model Phase 2 (CRM2)
  • Disciplinary Sanctions
  • Specified Foreign Property (SFP) Tax Reporting
  • Binary Options
  • Committed Orders
  • Registered Retirement Investment Funds (RRIFs)
  • Common Reporting Standard (CRS) for Automatic Exchange of Tax Information
  • Rights Offering Regime
  • Proficiency Assurance Model
  • Anti-Money Laundering (AML) Regulations
  • Marketplace Thresholds
  • U.S. Internal Revenue Code Section 871(m)
  • Tax-Free Savings Account (TFSA) Debit Balances
  • Position Cost Reporting for Futures Contract Accounts