What Is the Investment Industry Regula♉tꩲory Organization of Canada (IIROC)?

The Investment Industry Regulatory Organization of Canada (IIROC) is an organization charged with overseeing investment dealers, brokers, and trading activity in debt and equity markets in Cana🌃da. The organization has a manda💧te to protect investors and is granted various powers toward that end.

Understanding the Investment Industry Regulatory Organization of🔯 Canada (IIROC)

The Investment Industry Regulatory Organization of Canada (IIROC) is a self-regulatory organization and is the equivalent of the Financial Industry Regulatory Authority (FINRA) in the United States. Established in 2008, its objective is to maintain fair and orderly markets and regulate all securities-related commerce within the country—including 澳洲幸运5官方开奖结果体彩网:investment-related sales ac🎀tivity by brokers, agents, and financial advisors.

The IIROC operates under Recognition Orders from the provincial and territorial securities commissions that make up the 澳洲幸运5官方开奖结果体彩网:Canadian Securities Administrators (CSA). It has quasi-judicial powers to set and enforce laws in the Canadian securities and trading markets—and can levy fines, suspensions, and other discip꧂linary action against delinquent firms, brokers, and advisors.

IIROC regulated firms also participate in the 澳洲幸运5官方开奖结果体彩网:Canadian Investor Protection Fund (CIPF), which protects individual investors in the event that an investment firm should go bankrupt. As provided for in t🍒he Industry Agreement between CI൲PF and IIROC, IIROC recommends an Industry Director for nomination to the CIPF Board.

What the Investment Industry Regu🌃latory Organization of Canada Does

The Investment Industry Regulatory Organi𒅌zation of Canada has several functions, including:꧂

• Writing rules that set high regulatory and investment industry standards, and enforcing those rules.
• Screening all investment advisors employed by IIROC-regulated firms to ensure they are of good character, are properly trained, and have successfully completed all the required educational courses, background checks, and programs.
• Conducting financial compliance reviews and setting the minimum capital requirements to ensure that firms have sufficient capital.
• Conducting conduct compliance reviews to check trading firms' trade-desk procedures. The reviews assess whether trade-desk procedures comply with the 澳洲幸运5官方开奖结果体彩网:Universal Market Integrity Rules (UMIR) and applicable provincial securities laws.
• Doing market surveillance and trading review analysis to ensure trading is carried out in accordance with UMIR and applicable provincial securities law.
• Investigating possible dealer or marketplace misconduct by its dealer firms, approved persons, and other market participants.
• Bringing disciplinary proceedings that may result in penalties including fines, suspensions, and permanent bans or terminations for individuals and firms.