As the national self-regulatory organization for the Canadian investment industry, IIROC is responsible for developing recommendations to amend existing rules, establish new rules, and interpret existing rules, all with the goal of promoting high standards for the investment industry and a strong culture of compliance among IIROC-regulated firms.
IIROC Policy staff are responsible for writing, clarifying and amending rules for both investment dealer and marketplace regulation.
Once our Board approves a policy proposal to be published for public comment. the proposal is then published for public comment through the issuance of an IIROC Rules Notice and submitted to IIROC's oversight regulators, the Canadian Securities Administrators, for their review and approval.
When policy proposals are published for comment, it is usually for a period of 60 or 90 days. IIROC invites feedback from investment dealers and other market participants, industry stakeholders, investor advocates and members of the public.
Once approval is received from the Canadian Securities Administrators, the final step in the process is the publication of an IIROC Rules Notice (along with separate interpretative guidance where appropriate) to announce the implementation of the approved rules. Guidance Notices may also be published for comment.
In the interest of transparency, proposed policies and rules are published for comment and also posted on the IIROC website. close
Investment Dealer Regulation
For a summary update of current proposals see Dealer Member Quarterly Regulatory Policy Update.
For a full searchable list of IIROC Notices related to Dealer Member rules, use our Advanced Search tool which allows users to restrict searches.
For a summary update of current proposals see Market Regulation Policy Quarterly Update.
For a full searchable list of IIROC Notices related to Universal Market Integrity Rules (UMIR), use our Advanced Search tool which allows users to restrict searches.
Rule Book Re-write Project
We are undertaking an extensive effort to update and rewrite all regulation in plain language. Learn more here.
Note: Marketplace-specific rules and accompanying policies for the TSX, TSX-Venture and CNSX can be viewed on their websites.