The OSC yesterday announced the approval of amendments to IIROC's Dealer Member Rules that are intended to promote compliant trade matching practices and eliminate the sending of duplicative trade related correspondence to clients.

Specifically, amendments to Rule 800.49 will seek to provide dealers with clarity in respect of broker-to-broker trade reporting and matching requirements, while amendments to Rule 200.1(h) will provide an exemption from the trade confirmation requirement in cases where certain conditions are met.

The amendments were originally proposed in April 2010.