The mandate of the Section is to:

• advise on the development of rules and policies on financial and operational 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 financial and operational related matters.

The Section provides advice on the development of rules that are of particular relevance to senior financial and operations 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 financial and operational developments in the industry.

Finally, the Section is responsible for organizing seminars (including the annual Financial Administrators Section Conference) on financial, operational 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 toserve 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), business structure (introducer versus self-clearing) and business size (small, medium and large sized firms) basis.

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

1. Capital Formula Sub-Committee [provides specialized advice on issues and policy development initiatives relating to Dealer Member capital, margin, security segregation, capital formula, financial record keeping and financial reporting requirements];
   
   
2. Contingency Planning Sub-Committee [provides specialized advice on issues and policy development initiatives relating to Dealer Member emergency preparedness planning matters, including business continuity and pandemic planning];
   
   
3. Insurance Sub-Committee [provides specialized advice on issues and policy development initiatives relating to Dealer Member insurance coverage including financial institution bond coverage and related insurance coverage riders];
   
   
4. Mutual Funds Sub-Committee [provides specialized advice on issues relating to Dealer Member mutual funds operations that have regulatory implications in terms of ability to comply with existing or proposed regulatory requirements or that have the potential to increase risk]; and
   
   
5. Operations Sub-Committee [provides specialized advice on issues relating to Dealer Member operations that have regulatory implications in terms of ability to comply with existing or proposed regulatory requirements or that have the potential to increase risk - mandate includes the monitoring of domestic and international initiatives that affect the operations of Dealer Members and clearing corporations].