Positioning Public Interest Regulator for Canada’s Changing Investment Landscape

Investment Industry Regulatory Organization of Canada (IIROC)IIROC Announces 2019 Priorities

June 25, 2018 (Toronto, Ontario) – The Investment Industry Regulatory Organization of Canada (IIROC)
today published its 2019 Priorities, outlining 10 areas of focus where the public interest regulator will
take action to better protect investors and promote healthy capital markets in Canada.

Key 2019 Priorities Include:

  • Supporting industry transformation by completing our industry consultation on the evolution of
    advice and preparing to regulate industry services delivered through blockchain
  • Considering alternative forms of disciplinary action to provide more flexibility and ensure timely
    enforcement responses that are tailored and proportionate to the circumstances
  • Issuing additional guidance on compensation-related conflicts, ensuring it is aligned with the
    Canadian Securities Administrators’ (CSA) work on client-focused reforms and embedded
  • Conducting industry table-top exercises and a second self-assessment to help Dealers improve
    their cybersecurity preparednes
  • Proposing a safe-harbour rule, aligning with the CSA, and complemented by additional tools to
    help Dealers protect the interests of vulnerable investors
  • Adding government-debt trades to IIROC’s Debt Information Processor service
  • Implementing a new surveillance system which supports advanced analytics and cross-asset
    and cross-dealer surveillance and investigations to allow IIROC to more easily identify
    suspicious market activity.

“IIROC is taking a forward-looking approach to accommodating new innovations and business models,
while continuing to protect investors no matter how they get investment advice and services,” said
IIROC President and CEO Andrew J. Kriegler. “Our priorities focus on providing more efficient, relevant
and proportionate regulation as we adapt to the changing needs of investors and the industry.”

The 2019 priorities build on the mission, vision and strategies IIROC set out in its three-year Strategic
Plan and complement IIROC’s ongoing dealer and market oversight responsibilities.

“It’s important that our stakeholders understand both our immediate priorities and our long-term
goals and strategies. We will continue to consult broadly to ensure we take into consideration
stakeholders’ views,” Mr. Kriegler said.