IIROC now responsible for debt statistics reporting

IIROC has taken over the statistical reporting on secondary trading from the Bank of Canada (BoC), the self-regulatory organization said Thursday. The Debt Statistics Report (DSR) will be published monthly as of May 31 and replace the reports from the BoC, formerly known as the F11 to F14 tables, an IIROC release said. The reports […]

By Staff | May 31, 2018 | Last updated on May 31, 2018

1 min read

IIROC has taken over the statistical reporting on secondary trading from the Bank of Canada (BoC), the self-regulatory organization said Thursday.

The Debt Statistics Report (DSR) will be published monthly as of May 31 and replace the reports from the BoC, formerly known as the F11 to F14 tables, an IIROC release said.

The reports will be based on debt securities transaction data reported to IIROC through the Market Trade Reporting System (MTRS 2.0), as required under IIROC Rules.

IIROC will take over publishing aggregate secondary market trading data because the weekly statistical reporting to the BoC under the old MTRS system will be discontinued.

This change is part of IIROC’s and the BoC’s aim to improve the usability, quality and reliability of published statistical data on secondary trading activity in debt securities, IIROC said. Dealers are responsible for the accuracy, completeness and timeliness of the information provided because transaction data is provided to IIROC by dealer members through the MTRS 2.0.

“The Bank of Canada’s request for IIROC to take over publishing this data recognizes our ability to leverage data already collected by IIROC for regulatory purposes,” said Victoria Pinnington,IIROC’s senior vice-president of market regulation.

Read:

CSA reviews regulatory burden for investment fund issuers

How regulators are adapting to robo growth

Why IIROC collected $700K more in fines last year