A key component of an effective self-regulatory organization is the development of rules and guidance with advisory committee involvement. IIROC coordinates the rule and guidance development process in consultation with the appropriate advisory committees.
The advisory committees also provide a forum for investment dealers, exchanges and alternate trading systems to share experiences, information and ideas, to monitor industry trends, technology developments, and proposed legislation that may affect them.
National Advisory Committee
IIROC’s National Advisory Committee (NAC) is an advisory body which serves as a forum for representatives of the District Councils to raise and discuss matters of interest and provide input on policy initiatives.
Conduct, Compliance and Legal Advisory Section (CCLS)
The CCLS advises on the development of rules and policies on business conduct, enforcement, and registration related matters affecting Dealer Members. And, it provides a forum for the exchange of information on complying with IIROC and other requirements that relate to business conduct, enforcement, and registration related matters.
The Proficiency Committee advises on matters relating to proficiency policy and operations. This includes matters relating to licensing standards, and training and continuing education. Committee members participate in working groups to assist in IIROC’s oversight of its proficiency course provider.
Financial and Operations Advisory Section (FOAS)
The FOAS advises on the development of rules and policies on financial and operational related matters affecting Dealer Members, and, it provides a forum for the exchange of information on complying with IIROC and other requirements that relate to financial and operational related matters.
Fixed Income Advisory Committee
The Fixed Income Committee reviews and makes recommendations to IIROC staff about proposed IIROC initiatives relating to fixed income.
Market Rules Advisory Committee (MRAC)
MRAC reviews and makes recommendations to IIROC regarding policy initiatives related to the trading of securities.