In Canada, each province or territory has government bodies—securities commissions, authorities, administrators--- that rely on an SRO such as IIROC to carry out certain regulatory responsibilities. Members of the CSA oversee IIROC’s operations and conduct regular oversight audit reviews.

• IIROC Oversight Review Report - 2009
• Oversight Review Report of Investment Dealers Association of Canada - Jan 2008
• Investment Dealers Association of Canada Response to the 2006 Alberta Securities Commission Oversight Audit of the Prairie Regional Office
• Alberta Securities Commission - 2006 Oversight Review, Investment Dealers Association of Canada Prairie Regional Office
• Alberta Securities Commission - 2003 Oversight Audit of the Investment Dealers Association of Canada, Prairie Regional Office
• BCSC Audit of the IDA December 2002 IDA Response

Securities legislation requires investment dealers to apply and be accepted for membership with an SRO if they wish to operate in Canada. Securities legislation also requires that individual employees who are carrying out certain functions within investment dealers be registered.

Securities regulators have delegated their registration powers to IIROC to register firms and individuals in BC, Alberta, Saskatchewan and Newfoundland and Labrador.

Securities regulators have delegated their registration powers to IIROC to register individuals in Ontario and Québec.

IIROC’s Registration Orders from each province’s securities regulators are listed here:

• British Columbia Securities Commission
• Alberta Securities Commission
• Ontario Securities Commission
• OSC Revocation & Assignment (Registration) Sep 22, '09
• Authorité des marchés financiers
• Décision 2009-PDG-0100 délégation Aug 19, 2009 (In French)
• Décision sous-délégation 2009-PDG-0136 Aug 25, 2009 (In French)
Décret no 1017-2009 Aug 23, 2009 (In French)
• Superintendent of Securities of Newfoundland and Labrador
• Saskatchewan: General Ruling Assignment of Registration

IIROC’s Registration department conducts an additional screening and review of registrants who have applied to work at IIROC-regulated firms in certain functions. Before IIROC approves these registrants to work at IIROC-regulated firms, they must pass financial, professional and personal background checks and have the necessary training and education for the specific job. For more information about becoming registered with IIROC, click here.