Improving Self-Regulation for Canadians

CSA staff notices related to new SRO and new IPF | New SRO interim rules frequently asked questions | New SRO investor advisory panel questions & answers

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:

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