It has a name! New Self-Regulatory Organization (finally) announces its new name

On January 1st of this year, the amalgamation of investment industry self-regulatory organizations, the Investment Industry Regulatory Organization of Canada (“IIROC”) and the Mutual Fund Dealers Association of Canada (“MFDA”) became official. However, despite this amalgamation being in the works for months or years (and it was discussed for much longer than that), the new self-regulatory organization did not have a name – until now. On April 24, 2023, the New Self-Regulatory Organization announced that, effective June 1, 2023, it will be known as the Canadian Investment Regulatory Organization or CIRO. It will even have a new website – www.ciro.ca ... [more] Full article
SCC agrees to hear appeal on whether Securities Commission penalties can survive bankruptcy
On March 31, 2023, Canada’s top court granted leave to appeal from the B.C. Court of Appeal’s decision in Poonian v. British Columbia (Securities Commission) that a securities commission administrative ... [more] Full article
MFDA and IIROC Members vote to amalgamate and form “New SRO”
In a vote held on September 29, 2022, members of the Mutual Fund Dealers Association of Canada (MFDA) and the Investment Industry Regulatory Organization of Canada (IIROC) voted and passed ... [more] Full article
IIROC and MFDA to be Merged into Single Self-Regulatory Organization
Earlier this week, the Canadian Securities Administrators (CSA) announced that Canada’s two pre-eminent investment industry self-regulatory organizations will be merged into a single regulatory organization (SRO). The new SRO, as ... [more] Full article
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