Improving Self-Regulation for Canadians

The Canadian Securities Administrators published documents for public comment on:

•    New Interim Rules (Investment Dealer and partially consolidated rules, Mutual Fund Dealer Interim Rules, UMIR)
•    Recognition Order by the CSA
•    Application for Recognition by the SRO
•    Memorandum of Understanding
•    New SRO by-law
•    Investor Advisory Panel Terms of Reference

You can find the documents on the CSA website. You can also find Frequently Asked Questions on the New Interim Rules and the Investor Advisory Panel here in the links provided. 

The Canadian Securities Administrator has established a Special Joint Committee to lead the recruitment process for the Board of Directors and CEO of the new self-regulatory organization.

On November 18 2021, the CSA announced the timelines to create a single, new, enhanced self-regulatory organization.

The announcement is an exciting day in our journey and a crucial step toward one SRO.  

A new, enhanced, pan-Canadian SRO which consolidates the efforts of IIROC and the MFDA will increase access to advice while better-protecting investors and is precisely what Canadians and the industry that serves them deserve.   

IIROC applauds the CSA for leading a timely and effective process. 

A new, single SRO builds on a 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 Québec.
  • Reduce barriers for current single platform dealers looking to expand their business models. 

See IIROC’s publications and supporting research below.  

Read IIROC views and supporting research: