IIROC oversees the registration of firms and individuals who provide advice and conduct securities trading in Canada. These firms must register as Dealer Members. In addition, any Canadian marketplace for equity and debt trading activity must also become a Marketplace Member. Note that firms operating as Alternative Trading Systems must also become Dealer Members in addition to being Marketplace Members.

IIROC also monitors the financial and operations, business conduct, and trading conduct compliance of registered individuals and Dealer Members. Using a risk-based approach, we schedule and conduct examinations of Dealer Members to assess and ensure compliance of firms and their registered individuals with the relevant IIROC rules, UMIR rules, and securities legislation.  

Each year, IIROC issues a Compliance Priorities Report. This report highlights IIROC’s areas of focus including common exam deficiencies and emerging issues to help Dealer Members and registered individuals establish and maintain a strong culture of compliance.

Members landing page image- group of people in a meeting sitting around computers

MFDA and IIROC have consolidated

As of January 1, 2023 the MFDA and IIROC have come together as New Self-Regulatory Organization of Canada (New SRO).

New SRO has assumed the regulatory responsibilities of the MFDA and IIROC.

We have set up an interim website for updates and information related to the New SRO including:

  • Executive Management
  • Governance
  • New SRO Rules
  • Member Application
  • Investor Office and the Investor Advisory Panel
  • Information concerning mutual fund dealers registered in Québec
  • Complaints
  • Careers

Enforcement proceedings, membership lists, continuing education, investor education resources and any other information not set out above continue to reside on and