The mandate of the Section is to:

• advise on the development of rules and policies on business conduct, registration and enforcement related matters affecting Dealer Members; and
• provide a forum for the exchange of information relating to complying with IIROC and other requirements that relate to business conduct, registration and enforcement related matters.

The Section provides advice on the development of rules that are of particular relevance to senior compliance officers and other individuals having similar responsibilities.

The Section is also responsible for establishing Sub-Committees to consider issues and to make recommendations to the Section on specific initiatives designed to address new and changing compliance developments in the industry.

Finally, the Section is responsible for organizing seminars (including the annual Compliance and Legal Section Education Seminar) on compliance and general securities industry issues to assist in educating Dealer Members. 

• President (or another officer of IIROC designated by the President); and
• Chair of the Board (or another member of the Board designated by the Chair or the Board).

The Section shall be governed by an Executive Committee comprised of the Chair, Past-Chair and Vice-Chair, together with 12 additional members.  Only one person from each member may sit on the Executive Committee at any one time, unless a specific exemption is provided by majority vote of the Committee.

A Nominating Committee comprised of the Chair and Vice-Chair shall submit to the Section Annual Meeting a list of persons that it recommends to serve on the Executive Committee. In determining its recommended list of persons the Nominating Committee shall ensure that there is equitable representation on a geographic (regional versus national dealers), business line (institutional versus retail, debt versus equity versus derivatives) and business size (small, medium and large sized firms) basis.

Standing Sub-Committees may be established at the initiative of Committee.  The existing Sub-Committees are:

1. Education Sub-Committee [develops education programme and organizes Section educational initiatives including the annual Compliance and Legal Section Education Seminar];
2. Institutional Sub-Committee [provides specialized advice on issues and policy development initiatives relating to institutional client business];
3. Money Laundering Sub-Committee [provides specialized advice on issues relating to Dealer Member compliance with the federal anti-money laundering legislation requirements];
4. Registration Sub-Committee [provides specialized advice on issues and policy development initiatives relating to individual registration matters]; and
5. Role of the Compliance Officer Sub-Committee [provides specialized advice on issues and policy development initiatives that directly affect the responsibilities of compliance officers and other individuals with compliance responsibilities].