On May 2, the Investment Industry Regulatory Organization of Canada (IIROC) announced that it was making changes to Complaints and Settlement Reporting (ComSet) reporting requirements. Specifically, IIROC will require members, as of June 1, to attach relevant supporting documentation at the time of entering a ComSet event. According to IIROC, the additional documentation will allow it to "conduct more timely and efficient initial reviews of ComSet filings" and result in fewer subsequent information requests. For more information, see IIROC Notice 11-0142.
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