IIROC is responsible for developing recommendations for new rules and guidance, as well as amendments to existing rules and guidance, for the firms and marketplaces we regulate. Our goal is to ensure our rules are current and effective in protecting investors and supporting market integrity, without imposing undue regulatory burden.
Our Policy Priorities Update Report (pdf) describes the policy initiatives for rules and guidance that we anticipate implementing and/or publishing for comment over the next 12 months. For each initiative, we have provided our estimate of when Dealer Members may be required to take appropriate action. The information will help our Dealer Members anticipate and plan for and/or respond to policy initiatives on a timely and efficient basis.
Except for initiatives where we have published an Implementation Notice or Notice of Approval with an effective date, all next step dates are IIROC staff’s best estimate of timing in light of current circumstances and, in particular, the COVID-19 pandemic. For additional information on COVID-19 related matters, please see the IIROC COVID-19 microsite.
Policy Development Process
Our rulemaking process includes:
- internal research and development
- stakeholder consultation
- approval by the IIROC Board of Directors to publish for public comment
- publication of the proposal for public comment
- consideration of all public comments received
- approval of the Canadian Securities Administrators (CSA)
- publication of rule approval and implementation
Sources of potential rule development projects include our members, other stakeholders, the Canadian Securities Administrators (CSA) or IIROC internally.