IIROC has expanded the information available on its corporate bond website, which was created after a Canadian Securities Administrators decision to select IIROC as the Information Processor (IP) for corporate debt securities.
As part of the first phase, IIROC began publishing debt trade information from all firms authorized by the Government of Canada as government securities distributors in July 2016. Now, with today’s launch of the next phase, IIROC has expanded its debt trade transparency to cover all corporate bond trades by all the firms it regulates.
For several years, IIROC says it has been working toward more timely surveillance, enhanced oversight and increased transparency of Canada’s debt market. Since November 2015, the SRO’s debt transaction reporting rule has required government securities distributors to report all debt trade information, while the remaining IIROC-regulated firms were required to report their debt transactions beginning in November 2016.