Proposed rule amendments — Fully paid securities lending and financing arrangements 


The Canadian Investment Regulatory Organization (CIRO) is publishing for comment proposed amendments to the Investment Dealer and Partially Consolidated (IDPC) Rules and IDPC Form 1 (Form 1) relating to fully paid securities lending and financing arrangements (Proposed Amendments).

The Proposed Amendments:

  • enhance the rule framework regarding retail fully paid securities lending,
  • carry out CIRO’s commitment to update our rules to address lessons learned from Dealer Members offering fully paid lending programs, and
  • address a few inconsistencies in the existing financing arrangements rules.

We are also publishing for comments the revised Guidance on Fully Paid Securities Lending (Draft FPL Guidance), which will replace the existing guidance GN-4600-22-001.

Date opened: February 15, 2024

Date closed: April 15, 2024

Status: Concluded

Bulletins about this consultation: