Marketplaces, SROs & Clearing Agencies
Self-Regulatory Organizations (SROs)
A Self-Regulatory Organizations (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 two SROs recognized by the OSC: the Investment Industry Regulatory Organization of Canada (IIROC), and the Mutual Fund Dealers Association of Canada (MFDA). IIROC was created from the combination of two SROs, the Investment Dealers Association of Canada (IDA) and Market Regulation Services Inc. (RS).
Investment Industry Regulatory Organization of Canada (IIROC)
The IDA and RS combined their regulatory operations into IIROC effective June 1, 2008. IIROC regulates investment dealers and trading activities on debt and equity marketplaces in Canada.Mutual Fund Dealers Association (MFDA)
The MFDA is the national self-regulatory organization for mutual fund dealers in Canada.Investment Dealers Association (IDA)
The OSC has continued to recognize the IDA as an SRO for a period of time to perform limited complaint handling, investigation and disciplinary actions.Market Regulation Services Inc. (RS)
The OSC has continued to recognize RS as an SRO for a period of time to perform limited complaint handling, investigation and enforcement functions.Spotlight On - Exchanges
