FIA supports TMX’s goals and objectives for a revised Approved Persons framework, particularly the simplification, modernisation and streamlining components. Given the revision effort underway, FIA respectfully submits that changes to the current Approved Persons regime should be paused.
Continuing to implement changes to the current Approved Persons process, only to be followed by a broader overhaul in the future, may be burdensome and inefficient for both TMX and approved participants. TMX's current Approved Persons process is unduly burdensome. The changes currently being proposed add to that burden.
Read the response here.
