IDS of Canada approved by the Investment Industry Regulatory Organization of Canada
— Photo courtesy IDS website.
International Depository Services of Canada (IDS of Canada) is proud to announce that it has been recognized as an entity approved to hold LBMA gold and silver delivery bars by theInvestment Industry Regulatory Organization of Canada (IIROC).
IDS of Canada has satisfied IIROC's stringent requirements to become one of only eight entities suitable to hold LBMA Gold and Silver Good Delivery Bars. The IIROC sub committee has approved IDS effective as of May 15, 2014 as outlined in IIROC Notice 14-0123.
"We are honored to be associated with such a prominent and respected organization as IIROC. Being accepted further demonstrates IDS of Canada's commitment to the physical metals market locally and internationally" notes Robyn Sprott, managing director of IDS of Canada.
With this approval, IDS of Canada can hold a Dealer Member's inventory and client positions in gold and silver bullion without capital penalty, provided that all other related Dealer Member rules such as written custodial agreement and segregation, are met.
For more information on International Depository Services of Canada visit their website or call 855-362-2431.
About IDS of Canada
As Canada's first private depository dedicated exclusively to the unique needs of gold, silver and platinum group metals, IDS of Canada provides direct support to market participants through wide-ranging offerings including comprehensive secure and segregated storage and inventory management services. IDS of Canada's clientele include IIROC dealer members, institutions, government mints, asset managers, wholesalers, bullion dealers and individual investors. IDS of Canada and its affiliate company IDS of Delaware are wholly-owned subsidiaries of Dillon Gage Metals. For more information visit the website or call 855-362-2431.
About IIROC
IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada. Created in 2008 through the consolidation of the Investment Dealers Association of Canada and Market Regulation Services Inc., IIROC sets high quality regulatory and investment industry standards, protects investors and strengthens market integrity while maintaining efficient and competitive capital markets.
