Dealer Member Compliance

IIROC Compliance teams regularly examine Dealer Member firms to assess each firm’s compliance with our Rules and applicable securities legislation. 

Our Financial & Operations Compliance (FINOPS) team monitors the solvency of all Dealer Members, and ensures that business activities are conducted within prescribed capital limits. FINOPS also monitors Dealer Member adherence to operational rules. including the safeguarding of customer assets. Members of IIROC are automatically members of the Canadian Investor Protection Fund (CIPF). CIPF provides coverage within certain prescribed limits to eligible customers for any loss of assets in the event of the insolvency of an IIROC Dealer Member.

Our Business Conduct Compliance (BCC) team monitors business conduct related activities of Dealer Members and their registered individuals. BCC ensures that firms have implemented policies, procedures and controls to conduct and supervise their lines of business in compliance with applicable rules and to protect investors. 

Our Trading Conduct Compliance team monitors the trading related activities of Dealer Members and ensures that firms have implemented policies, procedures and controls to prevent and detect potential negative impacts to market integrity and comply with applicable requirements.  

Welcome to!

We have a new look! You can find the Canadian Investment Regulatory Organization (CIRO) at with our fresh look and feel.

You can now find new publications published by CIRO since January 1, 2023 on If you are looking for past notices or bulletins published by MFDA or IIROC, you can find those on our legacy websites. Enforcement related content will continue on those websites as well.

You can now find previous Annual Reports and Enforcement Reports on, along with Halts and Resumption, and our ePublications sign up (for all previous MFDA and IIROC subscriber lists).

We will continue moving items off MFDA and IIROC in 2023/2024. Stay tuned for future updates.