J.P. Morgan first foreign dealer to get relief from onerous bond rule

J.P Morgan Securities LLC cleared to begin trading bonds of Canadian businesses with Canadian institutional investors Source: The Globe and Mail The Ontario Securities Commission published a decision Thursday allowing international securities dealer J.P. Morgan Securities LLC to start trading certain bonds of Canadian businesses with Canadian institutional investors. The exemption, the first of its kind,…

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International Bond Dealers Welcome in Canadian Fixed Income Market, Regulators Say

Regulators clarify rules regarding trading for international dealers in Canada Source: Financial Post The Canadian Securities Administrators says it’s willing to grant regulatory relief to ensure that international dealers can participate in the Canadian bond market. The CSA’s statement is a response to a letter the Canadian Bond Investors’ Association sent to the Ontario Securities Commission…

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