Mandate

The mandate of the committee is as follows:

• First, it should seek to solicit, review, coordinate and build consensus from comments and responses to regulatory proposals received from District Councils;
• Second, it should assume an advocacy role consistent with investor protection to promote self-regulation by acting as ambassadors to the industry at large;
• Third, it should identify and advise IIROC staff about industry trends that would assist the IIROC in being more proactive in dealing with emerging issues and meeting regulatory obligations; and
• Fourth, the committee should aim to develop and harmonize a national approach to dealing with regulatory issues with respect to which the District Councils have a role such as granting registration exemptions, membership approvals, etc.

Membership

The committee is composed of the Chairs of the District Councils, and may include a past Chair
or Vice-Chair in the second year of his or her term as Chair or Vice-Chair, respectively.
 

Ex-officio Members

• President (or another officer of IIROC designated by the President);
• Chair of the Board (or another member of the Board designated by the Chair or the Board); and
• The immediate past Chair of the National Advisory Committee

Term

Up to 2-year term

Chair and Vice-Chair

The Chair and Vice-Chair are appointed by the committee for a term of up to 2 years. Should the
Chair resign the position, the Vice-Chair becomes committee Chair, for the remainder of the
Chair's term.

Executive Committee

No Executive Committee.

Sub-Committees

No Sub-Committees.

Meeting Schedule

• Regular quarterly meetings and special meetings at the call of the Chair