Hearing Format

Hearings can be held orally or by written submissions.

Oral hearings may proceed in-person or electronically (in either a fully virtual or hybrid mode).

Parties may request and the hearing Panel may decide on the appropriate format of the hearing.

For guidance on the appropriate hearing format, please see Hearing Committee Best Practices for Electronic Proceedings (pdf) and In-Person and Hybrid Hearings Protocol (pdf).

In-Person Hearings

In-person hearings entail personal attendance of the parties, their witnesses and legal counsel (if represented by a lawyer), in a physical hearing room, where the hearing will be held in the presence of a Hearing Panel.

In-person hearings can be held in OUR offices, court reporters' offices or other locations as chosen by the NHO.

Electronic Hearings

Electronic hearings are provided for in the IIROC Rules. An electronic hearing means a hearing held by electronic technology that allows persons to hear and see one another.

Webex is video and audioconferencing used in electronic hearings.

See the E-Hearing Preparation Checklist to help you prepare for an electronic hearing.

Hybrid Hearings

Hybrid hearings combine physical and virtual modes of hearing. This means that although some participants may connect via video, others will be physically present in a hearing room.

It may be that the entire proceeding takes place in a hybrid environment, or only parts of the proceeding, such as witness testimonies and other evidence, require a hybrid mode.

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.