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IIROC is looking for nominees to serve on its Fixed Income Advisory Committee (FIAC).

The committee reviews and makes recommendations to IIROC staff on matters related to fixed income trading. Appointments are for a two-year term beginning April 1.

Read: Dealers doing inadequate KYC, finds IIROC

FIAC membership is capped at 15. Each marketplace that trades fixed income securities and has retained IIROC to be its regulation services provider may nominate one member, an IIROC release says. Where more than one marketplace operates within an affiliated group, the affiliated group may nominate one member.

Nominations must be submitted by Feb. 28 to Kevin McCoy, IIROC’s vice-president of market policy and trading conduct compliance.

IIROC is seeking the following nominations:

• representative from an IIROC dealer that is designated as Primary Dealers of Government of Canada Bonds by the Bank of Canada (GSD);
• representative from an IIROC dealer other than GSDs that operates a fixed-income trading business
• legal/compliance representative from an IIROC dealer; and
• independent representative.

Read the committee’s full mandate here.

Also read:

IIROC fines rep $40K for OBA

IIROC seeks comment on proposed rule changes to CE

Are fixed income fears unfounded?

Originally published on Advisor.ca
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