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.  IIROC carries out its regulatory responsibilities through setting and enforcing rules regarding the proficiency, business and financial conduct of dealer firms and their registered employees and through setting and enforcing market integrity rules regarding trading activity on Canadian equity marketplaces.

Mandate

We set and enforce high quality regulatory and investment industry standards, protect investors and strengthen market integrity while maintaining efficient and competitive capital markets.

Vision

We will be known for our integrity, our transparency and our fair and balanced solutions. We aim for excellence and regulatory best practices. Our actions are driven by sound, intelligent deliberation and consultation.

IIROC Values

• Act with Integrity – We conduct ourselves in an ethical manner in accordance with the highest degree of fairness and professionalism.
• Be Accountable – We act in a timely, diligent and responsive manner.
• Be Proactive – We are open to new ideas as we anticipate and collaborate to meet the challenges of a constantly changing environment.

Investor Protection

IIROC requires all of the dealers it regulates to be members of the Canadian Investor Protection Fund (CIPF). Membership in CIPF is limited to firms regulated by IIROC. Investors who have client accounts at IIROC-regulated firms are protected by CIPF when a firm becomes insolvent or ceases operations due to bankruptcy. Investor protection is automatic when a client account is opened at an IIROC-regulated firm and it covers assets held by the firm for the client, including cash and securities, within defined limits.  Member firms are required to fund CIPF through quarterly assessments which are collected by IIROC on behalf of CIPF. For more information on CIPF, see the IIROC Investor Alert on CIPF here or visit CIPF’s website at www.cipf.ca.