Dealers, Advisers and Investment Fund Managers
Information on IFRS
In 2011, IFRS will replace Canadian generally accepted accounting principles (GAAP). The Canadian Securities Administrators (CSA) has proposed requiring all registered firms that are not members of an SRO to deliver IFRS financial statements to the securities regulatory authorities in 2011.
The MFDA and IIROC will each provide guidance to their members on the use of IFRS. All registered firms should review and assess how the conversion to IFRS will affect their firm and have adequate resources to ensure a smooth transition to IFRS.
- National Instrument 31-103 Registration Requirements and Exemptions
- National Instrument 52-107 Acceptable Accounting Principles and Auditing Standards