Who is a member of IIROC?
All firms and their registered representatives that are in the business of advising on or trading in securities in Canada must be members of IIROC and follow IIROC rules for business conduct, financial operations and trading practices. IIROC oversees approximately 175 firms and their 30,000 registered representatives.
Is Scotiabank an IIROC firm?
An Investment Industry Regulatory Organization of Canada (IIROC) hearing panel accepted a settlement between the regulator and the three firms — RBC Dominion Securities, Scotia Capital Inc. and TD Securities Inc.
Who regulates broker dealers in Canada?
The Investment Industry Regulatory Organization of Canada
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 Canada. The organization has a mandate to protect investors and is granted various powers toward that end.
What is the difference between IIROC and MFDA?
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.
How do I get IIROC certified?
In order to apply to IIROC, an individual must be sponsored by an IIROC-regulated Dealer Member. Dealer Members are encouraged to conduct due diligence on applicants, including by requesting a copy of their registration file from IIROC.
Is Wealthsimple an IIROC member?
Wealthsimple Trade is a division of Canadian ShareOwner Investments Inc. Like the big banks, ShareOwner Inc. is a CIPF member and regulated by the IIROC to protect investors. Wealthsimple Trade is a division of Canadian ShareOwner Investments Inc.
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 the Canadian version of SEC?
SEDAR
SEDAR is the Canadian equivalent of the SEC’s EDGAR, the U.S. electronic system for filing securities information.
What is the main regulatory authority in Canada?
OSFI regulates by developing rules, interpreting legislation and regulations and providing regulatory approvals for certain types of transactions. It also contributes to new accounting, auditing and actuarial standards.
What is the role of Iiroc?
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 does Mfda stand for?
The Mutual Fund Dealers Association of Canada (MFDA) is the national self-regulatory organization (SRO) for the distribution side of the Canadian mutual fund industry.
Is the CSC exam hard?
well, depends on how smart you are and how much you want to work on it. it’s not hard, I did both within 5 months period while working fulltime, but i was studying about 8 hours a week. Thanks for your advise. I will postpone it only if I fail one exam, since I won’t have the choice.
Who are the members of the IIROC in Canada?
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.
Who are the member firms of the IIAC?
They include large retail dealers (non-bank owned), medium retail dealers, small retail dealers, institutional dealers and integrated dealers (including bank-owned). All IIAC Member firms are regulated by the Investment Industry Regulatory Organization of Canada (IIROC).
Why was the merger of IIROC and MFDA?
IIROC calls for consolidation of self-regulators to better service and protect Canadians, outlining the benefits of bringing together IIROC and the MFDA.
Who was Deputy Superintendent of OSFI before IIROC?
Before joining IIROC, Kriegler was Deputy Superintendent at Canada’s banking regulator, the Office of the Superintendent of Financial Institutions, or OSFI, where he was responsible for supervising hundreds of federally regulated financial institutions.