Hearing Panel Decisions

A Hearing Panel may issue a decision in writing or orally at the end of the hearing. At the end of a settlement hearing, a Hearing Panel will often tell the parties whether it accepts or rejects the settlement. That is the decision. What follows is the written reasons for decision.

Publication and Enforceability

The NHO issues a decision to the parties as soon as it is rendered by the Hearing Panel. Unless stated otherwise, a Hearing Panel decision is effective on the date it is dated.

All decisions are published on the website (except decisions to reject a settlement agreement).

IIROC has the ability to enforce decisions and collect fines through courts in every province and territory of Canada (pdf).

Search Decisions

To search for a Hearing Panel decision, you may visit:

Welcome to CIRO.ca!

We have a new look! You can find the Canadian Investment Regulatory Organization (CIRO) at CIRO.ca with our fresh look and feel.

You can now find new publications published by CIRO since January 1, 2023 on CIRO.ca. If you are looking for past notices or bulletins published by MFDA or IIROC, you can find those on our legacy websites. Enforcement related content will continue on those websites as well.

You can now find previous Annual Reports and Enforcement Reports on CIRO.ca, along with Halts and Resumption, and our ePublications sign up (for all previous MFDA and IIROC subscriber lists).

We will continue moving items off MFDA and IIROC in 2023/2024. Stay tuned for future updates.