This agreement is a tri-party uniform agreement between a Dealer Member and its creditor and IIROC when the Dealer Member or its private holding company is issuing a subordinated debt security. The Dealer Member is required to execute this agreement under IIROC Rule 2100, Ownership of Dealer Member’s Securities. The purpose of the agreement is to protect the customers of the Dealer Member by prioritizing the payment of claims against the Dealer Member. All claims of customers that are subject to the Canadian Investor Protection Fund (CIPF) protection are to be paid before the creditor’s claims. This agreement requires the Dealer Member to obtain IIROC's approval regarding any repayment of funds owed to the creditor.
Welcome to CIRO.ca!
You can find the Canadian Investment Regulatory Organization (CIRO) at CIRO.ca with our fresh look and feel.
The following sections of the legacy mfda.ca and iiroc.ca sites have been migrated to ciro.ca:
- Enforcement
- Hearings
- Consultations
- A unified member directory (Dealers We Regulate)
- Advisor Report
We will continue moving items off MFDA and IIROC in 2024. Stay tuned for future updates.