NI 94-101 came into force in 2017 with the purpose of reducing counterparty risk in the OTC derivatives market and addressing a potential risk to financial stability
While the Financial Supervisory Commission awaits further international market information, it aims to maintain stock market stability, which it looks to attain via temporary measures
Following an approval from the Financial Industry Regulatory Authority, the broker-dealer adds correspondent clearing, fixed income prime brokerage, and securities lending to its offerings