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Self-Regulatory Organizations (SROs)
An SRO is an entity that is organized for the purpose of regulating the operations and the standards of practice and business conduct of its members and their representatives with a view to promoting the protection of investors and the public interest. The Securities Act (Ontario) provides the OSC with the power to recognize SROs. There are currently four SROs recognized by the OSC: the Investment Industry Regulatory Organization of Canada (IIROC), the Investment Dealers Association of Canada (IDA), the Mutual Fund Dealers Association of Canada (MFDA), and Market Regulation Services Inc. (RS).
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Investment Industry Regulatory Organization of Canada (IIROC) |
The IDA and RS have combined their regulatory operations into IIROC effective June 1, 2008. IIROC regulates investment dealers and trading activities on debt and equity marketplaces in Canada.
Recognition Orders
Rule Review
Memoranda of Understanding
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Investment Dealers Association (IDA) |
The IDA and RS have combined their regulatory operations into IIROC effective June 1, 2008. The IDA will continue to operate for a period of time to perform limited complaint handling, investigation and enforcement functions. The OSC has, therefore, continued to recognize the IDA as a SRO.
Recognition Orders
Rule Review
Memoranda of Understanding
Oversight Review
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Mutual Funds Dealers Association (MFDA) |
The MFDA is a national self-regulatory organization for mutual fund dealers in Canada.
Recognition Orders
Rule Review
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Market Regulation Services Inc. (RS) |
The IDA and RS have combined their regulatory operations into IIROC effective June 1, 2008. RS will continue to operate for a period of time to perform limited complaint handling, investigation and enforcement functions. The OSC has, therefore, continued to recognize RS as a SRO.
Recognition Orders
Rule Review
Memoranda of Understanding
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