On June 27, the Investment Industry Regulatory Organization of Canada (IIROC) released proposed amendments to delete from a previous proposal draft provisions regarding the suspension and termination of Dealer Members. The original proposals are part of IIROC's project to rewrite its Dealer Member Rules in plain language. 

According to the notice, IIROC staff believes that a hearing panel should determine whether to suspend or terminate the membership of a Dealer Member in all circumstances. Comments on the proposals are being accepted for 60 days from publication of the notice. For more information, see IIROC Notice 13-0174.