IIROC PUBLISHES PROPOSED AMENDMENTS REGARDING FLOATING INDEX MARGIN RATE METHODOLOGY
IIROC has published proposed amendments to its Rules and to Form 1 regarding the floating index margin rate methodology applicable to qualifying Canadian and U.S. index products. The primary objective of the proposed amendments is to reduce procyclicality in IIROC’s methodology and promote financial stability during volatile markets. The IIAC has reviewed the proposed amendments with members and has not identified material industry concerns with the proposal.
For additional information contact Jack Rando.