Subordinated loan agreement

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.

Subordinated loan agreement - Attachment (pdf)

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.