Improving Self-Regulation for Canadians

In December 2019, the Canadian Securities Administrators (CSA) began a review of the regulatory framework for IIROC and the Mutual Fund Dealers Association of Canada (MFDA).

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On August 3, 2021, the CSA published its position paper (pdf) regarding the self-regulatory organization (SRO) framework.

The CSA has led a thoughtful and deliberate consultation on the appropriate framework for self-regulation. This work is important to Canadians and their financial futures. 

IIROC enthusiastically supports the CSA’s decision to create a new, single, enhanced pan-Canadian SRO to deliver efficient and effective regulation in the public interest.

The CSA proposal builds on an already strong foundation, and will:   

  • Deliver value for investors, regardless of where they live, how many assets they have or their level of investing sophistication.
  • Foster an innovative and competitive industry to ensure there are investment opportunities and value propositions for existing and evolving Canadian investor needs.
  • Make it easier for dealers and their advisors to serve Canadians, regardless of region, firm size or business model.
  • Reduce duplicative regulatory burden and complexity, particularly for those running separate IIROC and MFDA platforms, as well as those in Quebec.
  • Reduce barriers for current single platform dealers looking to expand their business models.

IIROC looks forward to working more closely with the CSA and the MFDA to achieve our goal of making the self-regulatory framework more efficient, effective and one that ultimately leads to better outcomes for Canadians. 

See IIROC’s publications and supporting research below.  

Read IIROC views and supporting research: