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, New Brunswick 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:
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.