IIROC releases 2023 Priorities


TORONTO, May 30, 2022 /CNW/ – The Securities and Exchange Commission of Canada (IIROC) today released its Priorities for FY2023extending April 2022March 2023.

The priorities focus on three key themes that support the organization’s public interest mandate to protect investors and foster healthy Canadian capital markets. Themes include promoting initiatives and commitments related to investor protection, supporting industry transformation to serve Canadians more effectively and efficiently, and creating a new self-regulatory body ( OAR) improved.

“As we actively work to deliver a new and improved SRO, IIROC continues to prioritize creating value for Canadian investors and improving securities regulation in Canada,” said Irene VinelSenior Vice President, Member Regulation and Strategy.

Highlights selected from the 2023 priorities include:

  • Exploring ways to return to harmed investors returned funds collected from IIROC-disciplined advisers and firms
  • Continue our work with the Canadian Securities Administrators to ensure that crypto-asset trading platforms are fully integrated into the Canadian regulatory system
  • Modernizing our rules and approach to regulation
  • Develop cybersecurity resources to help businesses mitigate risk.

These activities and initiatives will take place in the context of the merger of IIROC and the Mutual Fund Dealers Association of Canada (MFDA), which must close the December 31, 2022creating a new effective SRO January 1, 2023. IIROC’s priorities will help inform the development of a new strategic plan and new priorities for the new SRO.

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About IIROC:

IIROC is the pan-Canadian self-regulatory organization that oversees all investment dealers and their trading activities in from Canada debt and equity markets. IIROC sets high quality regulatory and investment standards, protects investors and enhances market integrity while supporting healthy Canadian capital markets. IIROC fulfills its regulatory responsibilities by establishing and enforcing rules regarding the proficiency, business and financial conduct of 174 Canadian investment dealers of varying sizes and business models, and their more than 31,000 registered employees. IIROC also establishes and enforces market integrity rules regarding trading activities in the Canadian debt and equity markets. For more information, visit www.ocrcv.ca.

SOURCE Investment industry regulator Canada (IIROC) – General News

For further information: Julia K. Mackenzie, Senior Public Affairs and Corporate Communications Specialist, 416-786-1650, [email protected]

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