IIROC Seeking Expressions of Interest for Education Services to Support Enhanced Proficiency Regime

Type: Media Release> General


Julia Mackenzie
Manager, Public Affairs

October 11, 2022, (Toronto, Ontario) - The Investment Industry Regulatory Organization of Canada (IIROC) has today launched a request for Expressions of Interest (REOI) for prospective vendors, to provide education services in support of its enhanced proficiency regime. This is the latest step in a multi-year initiative undertaken by IIROC to enhance its Proficiency regime, with the goal of launching the new standards in 2026.

“High proficiency standards play a key role in investor protection and the integrity and efficiency of capital markets,” said Elsa Renzella, IIROC’s Senior Vice-President of Enforcement, Registration and Enterprise Risk. “Our enhanced proficiency standards aim to optimize proficiency of license holders and ensure the highest levels of professionalism in the industry.”

Central to IIROC’s proficiency regime are the delivery of education courses and the testing of that knowledge through examinations. The opportunity involves course development, examination, learning management administration and program delivery in English and French.

“Given the evolution of our industry and changing demands and needs of learners, as well as the importance of innovation in the delivery of education services, we are welcoming new and alternative models for the delivery of education services,” said Renzella. “We welcome proposals that include multiple course providers, joint or partnership arrangements among vendors, or even with IIROC itself.”

The REOI process will include an optional information session for all interested vendors. Interested vendors can find out more about IIROC’s proficiency regime, as well as read and respond to the request for Expressions of Interest at Proficiency Initiative.



IIROC is the pan-Canadian self-regulatory organization that oversees all investment dealers and their trading activity in Canada's debt and equity markets. IIROC sets high quality regulatory and investment industry standards, protects investors and strengthens market integrity while supporting healthy Canadian capital markets. IIROC carries out its regulatory responsibilities through setting and enforcing rules regarding the proficiency, business and financial conduct of 174 Canadian investment dealer firms of varying sizes and business models, and their more than 32,000 registered employees. IIROC also sets and enforces market integrity rules regarding trading activity on Canadian debt and equity marketplaces. For more information, visit www.iiroc.ca

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 www.mfda.ca and www.iiroc.ca.