IIROC is proposing amendments to the IIROC Rules and to Form 1 (collectively, the Proposed Amendments) regarding the floating index margin rate methodology (the 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.

IIROC is republishing for comment revisions to the previously proposed amendments to the IIROC Rules (Proposed Amendments) relating to the futures segregation and portability customer protection regime. The Proposed Amendments are required to align our requirements with expected rule changes at the Canadian Derivatives Clearing Corporation (CDCC), intended to meet international standards for the protection of clients in the event of a default of a clearing participant.