Rules and Enforcement

IIROC sets and enforces proficiency, business and financial conduct rules for all Canadian investment dealers and their registered individuals and market integrity rules relating to trading activity on the Canadian marketplaces we regulate. Our rules set high standards for protecting investors and market integrity. Our rules, together with effective enforcement, help to enhance investor confidence in the financial services industry and support healthy capital markets.

Rules and Enforcements

Welcome to!

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

You can now find new publications published by CIRO since January 1, 2023 on 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, 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.