What are Iiroc members?

IIROC oversees the registration of firms and individuals who provide advice and conduct securities trading in Canada. These firms must register as Dealer Members. In addition, any Canadian marketplace for equity and debt trading activity must also become a Marketplace Member.

How many Iiroc advisors are there in Canada?

IIROC oversees approximately 175 firms and their 30,000 registered representatives. We refer to the firms that we regulate as IIROC Dealer Members….Dealers we regulate.

Who is a dealer member?

Dealer Member means a Member that is an investment dealer in accordance with securities legislation. Sample 1. Sample 2. Sample 3. Dealer Member means a Member that is an investment dealer in accordance with securities legislation.

How do you become a member of Iiroc?

In order to qualify for Membership, an applicant must satisfy IIROC’s financial and operations compliance, business conduct compliance and registration requirements, as set out in the Dealer Member Rules.

What does the IIROC do?

Welcome to IIROC The Investment Industry Regulatory Organization of Canada is the pan‑Canadian self‑regulatory organization that oversees all investment dealers and trading activity on Canada’s debt and equity marketplaces.

What is the difference between MFDA and IIROC?

IIROC regulates investment dealers and enforces the Universal Market Integrity Rules (UMIR) that govern trading of securities in Canada’s capital markets. The MFDA is the self-regulatory organization that regulates mutual fund dealers.

Is IIROC a government agency?

Unlike the securities commissions, the MFDA and IIROC are not government agencies. They operate under the authority and supervision of the securities commissions.

What is a registered representative IIROC?

Registered Representative (RR) – An employee or agent of an investment dealer who is approved by IIROC to trade and advise on securities, options, and futures contracts/futures contract options with the public in Canada.

Who is the principal regulator of IIROC?

While IIROC regulates the trading activity of public companies that trade on Canada’s marketplaces, the public companies are regulated by the provincial securities commission that has been designated as their principal regulator (see SEDAR).

What is the role of IIROC?

Is IIROC an SRO?

Currently, IIROC, but not the MFDA, is recognized as an SRO by the Quebec securities regulatory authority, the Autorité des marchés financiers (the AMF).

Is IIROC provincial or federal?

Operations. IIROC operates under Recognition Orders from the Canadian Securities Administrators (CSA), which is the umbrella for Canada’s provincial and territorial securities regulators. IIROC is subject to CSA oversight and regular operational reviews.