New SRO Proficiency Committee – Call for Applications

Type: Administrative Notice> Request for Applications
Distribute internally to:
Education and Training
Legal and Compliance
Senior Management
Trading Desk


Rita Kwok
Senior Proficiency Specialist

Executive Summary

New Self-Regulatory Organization of Canada (New SRO) seeks applications for membership on the Proficiency Committee. 

Committee Mandate

The mandate of the Committee is to advise New SRO on matters relating to proficiency policy and operations. This includes matters relating to licensing standards and continuing education.

The Committee will be an important source of practical industry expertise and input.

Work of the Committee

The Committee will support New SRO’s proficiency work through the following activities:

  • advising on proficiency, continuing education, and licensing policies, standards and initiatives
  • assisting in the development and updates of proficiency standards and competency profiles (investment dealer Approved Person categories)
  • advising on and/or reviewing proposals and/or materials by education service providers which may include education content or assessment designs, etc.

New SRO may strike ad hoc working groups or committees to conduct some of these activities.

Committee Membership

The Committee is comprised of up to fifteen members. Committee membership draws from the expertise of Dealer Member and non-Dealer Member personnel with experience in the following areas:

  • compliance and legal
  • proficiency
  • education and training
  • retail
  • institutional
  • various product types including:
    • options
    • futures and futures contract

This is a pan-Canadian committee. Membership reflects the different sizes and types of Dealer Members and different regions of Canada.

Why get involved?

New SRO has high proficiency standards and a robust proficiency regime.

Proficiency is a strategic priority for New SRO. High proficiency standards play a key role in investor protection and the integrity and efficiency of capital markets.

Our collaboration ensures continuation of the highest levels of proficiency, professionalism and ethics on the New SRO platform.

Conduct and Conflicts

Committee members may not consult or work for organizations that provide New SRO proficiency courses, including the Canadian Securities Institute (CSI), or have expressed an interest in being an education service provider in response to Request for Expressions of Interest (REOI). Applications must disclose any previous relationships with CSI or any other financial services education provider.

Committee members are subject to a Code of Conduct and, given the nature of the work of the Committee, a confidentiality agreement.

Application and Appointment Process

Committee members are appointed by the President and CEO of New SRO, or their designate, on the advice of New SRO Proficiency Staff.

Members are appointed for a term of two years. The term may be renewed at the discretion of the President and CEO of New SRO or their designate.

We will consider all applications that we receive by May 1st, 2023.

Please forward your applications and/or inquiries to:

Rita Kwok
Senior Proficiency Specialist
[email protected]

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