On April 28, the Investment Industry Regulatory Organization of Canada (IIROC) recommended a new dealer regulation fee model that would incorporate a "rate by revenue tier" approach, while reducing the level of fee disparity among dealer members. Fees for smaller members would be increased and fee disparity for the largest firms would be reduced. Rates would also be published and made available to dealer members annually. According to IIROC, the new model would help achieve "a fair fee model". Comments are being accepted on the new model until June 28.