IIROC Archives - The Industry Spread

IIROC Announces Crypto-Asset Working Group Members

November 7, 2019

Pan-Canadian self-regulator takes steps to deepen its understanding of crypto assets. The Investment Industry Regulatory Organization of Canada (IIROC) today announced the members of its new Crypto-Asset Working Group.

Majority of Canadian Investors Support Measures to Protect Vulnerable Investors, IIROC Survey Reveals

July 2, 2019

Canadians want regulatory rules, policies and procedures put in place to prevent financial exploitation June 21, 2019 (Toronto, Ontario) – The Investment Industry Regulatory Organization of Canada (IIROC) today released results of a new national IIROC survey showing an overwhelming majority of Canadian investors believe that protective measures should be put in place to ensure that investment firms and advisors can take action when they suspect investors have become vulnerable or that others might be attempting to financially exploit them.

IIROC and FINTRAC Enhance Cooperation to Protect Against Money Laundering

June 6, 2019

May 30, 2019 (Toronto, Ontario) – The Investment Industry Regulatory Organization of Canada (IIROC) and the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) today announced a new Memorandum of Understanding (MOU) to better protect against money laundering and terrorist financing while reducing the compliance burden on IIROC-regulated investment firms.

Clearpool Launches Canadian Equities Trading Functionality

June 4, 2019

Clearpool, a provider of holistic electronic trading solutions and an independent agency broker-dealer, has launched the functionality to support Canadian equities trading and interlisted securities trading via Clearpool’s Algorithmic Management System (AMS).

FINTRAC Reinforces Its Partnership with the Investment Industry Regulatory Organization of Canada

June 3, 2019

Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) Regulators are strengthening their collaborative efforts to identify and combat money laundering and terrorist activity financing risks in the securities dealers sector across Canada. FINTRAC announced today that its Memorandum of Understanding with the Investment Industry Regulatory Organization of Canada (IIROC) has been strengthened to allow for greater cooperation and information sharing in the fight against money laundering and terrorist activity financing, while reducing the duplication of effort and the compliance burden for Canadian securities dealers.

Saskatchewan Passes new Securities legislation to Strengthen Investor Protection

May 22, 2019

The Securities Amendment Act, which received Royal Assent on May 15, provides IIROC with the ability to more effectively and consistently enforce its rules and discipline those who break them. Specifically, the legislation provides IIROC with the ability to enforce through the courts its fines against individuals that engage in misconduct, sending a strong deterrent message to potential wrongdoers. The legislation also clarifies IIROC’s right to appeal a decision made by a disciplinary hearing panel to the Financial and Consumer Affairs Authority of Saskatchewan (FCAA).

IIROC Proposes More Flexible, Proportionate Disciplinary Actions for Enforcement

April 30, 2019

National regulator’s proposed rules would include minor violation fines and early resolution offers April 25, 2019 (Toronto, ON) – The Investment Industry Regulatory Organization of Canada (IIROC) is publishing for comment a rule amendment proposing two alternative forms of discipline to provide more flexibility in the way individuals and firms are disciplined for breaking IIROC’s rules.

Canadian Securities Regulators Publish IIROC Oversight Review Report

April 22, 2019

 The Canadian Securities Administrators (CSA) today released the Oversight Review Report of the Investment Industry Regulatory Organization of Canada (IIROC). The report evaluates whether IIROC has complied with the terms and conditions of its Recognition Orders, and whether specific regulatory processes are effective, efficient and applied consistently and fairly.