What is the IIROC platform?
About IIROC
A pan-Canadian, self-regulatory organization committed to protecting investors, market integrity and Canadians’ trust.
Which marketplace is regulated by IIROC?
All Canadian equity marketplaces, including stock exchanges and alternative trading systems (ATS), must comply with Canadian securities laws and other requirements set out by Canadian securities commissions.
What does market surveillance do?
Market surveillance is the prevention and investigation of abusive, manipulative or illegal trading practices in the securities markets. Market surveillance helps to ensure orderly markets, where buyers and sellers are willing to participate because they feel confident in the fairness and accuracy of transactions.
Who is responsible for market surveillance?
the authorities
The responsibility for market surveillance rests with the authorities.
What is the Canadian equivalent of ASIC?
Under the agreement, signed in Toronto this week, the Australian Securities and Investments Commission (ASIC) and the Ontario Securities Commission (OSC) will refer to one another those innovative businesses seeking to enter the others’ market.
What is the difference between MFDA and IIROC?
MFDA advisors are usually limited to offering only mutual funds to clients, although they could also offer segregated funds if insurance licensed. IIROC advisors have the option to offer virtually any investment to their clients and may also be discretionary or insurance licensed.
Who does IIROC apply to?
IIROC oversees the registration of firms and individuals who provide advice and conduct securities trading in Canada. These firms must register as Dealer Members. In addition, any Canadian marketplace for equity and debt trading activity must also become a Marketplace Member.
Is CIBC an IIROC firm?
April 6, 2022 (Toronto, Ontario) – On March 30, 2022, a Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) accepted a Settlement Agreement, with sanctions, between IIROC staff and CIBC World Markets Inc. CIBC World Markets Inc.
How do you improve market surveillance?
Improve Quality and Patient Safety
- Continuous increase in complaint resolution efficiency resulting in higher overall customer satisfaction.
- Reduce cost of recording, investigating, and managing complaints efforts.
- Proactively identify and resolve product quality issues quickly.
- Improve interdepartmental information flows.
How do you do trade surveillance?
Trade surveillance, or market surveillance, involves monitoring the activities of the firm and its employees to detect illegal and unethical trading practices including market manipulation, fraud, money laundering, insider trading, speculation, and unsuitable investments.
How do I post market surveillance?
How do you conduct post-market surveillance?
- Develop a PMS plan, which includes an assessment of whether Post-Market Clinical Follow-up (PMCF) is required.
- Implement the plan.
- Generate PMS reports based on the findings.
How many securities regulators are there in Canada?
13 separate securities
Resources are used in keeping 13 separate securities regulators operating in Canada. This is inefficient as each jurisdiction dedicates a different level of resources to securities regulation, which causes the intensity of policy development, supervision, and enforcement activities to vary across the country.
Who is the capital market regulator in Canada?
The Canadian Securities Administrators (CSA)
The Canadian Securities Administrators (CSA) is the umbrella organization of Canada’s provincial and territorial securities regulators whose objective is to improve, coordinate and harmonize regulation of the Canadian capital markets.
Is MFDA and IIROC merging?
As announced in August 2021, the new SRO will consolidate the functions of the Investment Industry Regulatory Organization of Canada (IIROC) and the Mutual Fund Dealers Association of Canada (MFDA).
What does the MFDA do?
As an SRO, the MFDA is responsible for regulating the operations, standards of practice and business conduct of its Members and their representatives with a view to enhancing investor protection and strengthening public confidence in the Canadian mutual fund industry.
Is CIBC part of IIROC?
CIBC Investor Services Inc. IIROC.
Is RBC part of IIROC?
RBC Dominion Securities Inc. IIROC.
Is RBC a IIROC?
July 26, 2022 (Toronto, Ontario) – On July 20, 2022, a Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) accepted a Settlement Agreement, with sanctions, between IIROC staff and RBC Dominion Securities Inc. RBC Dominion Securities Inc.
What is market abuse surveillance?
While it can get very complex in practice, the concept is fairly simple: trade surveillance is the process of monitoring financial transactions for potentially illegal or abusive trading. This is a requirement of most financial regulators throughout the world.
What is trade surveillance system?
What is a trade surveillance system?
Trade Surveillance is about implementing a surveillance system that monitors and detects activities for market manipulation, fraud, behavioural patterning, and more across all asset classes and all products, thereby ensuring the prevention and investigation of abusive, manipulative or illegal trading practices in the …
What are the two types of post-market surveillance activities?
Two processes which warrant specific focus are the ‘reactive’ vigilance process and ‘proactive’ PMCF activities.
Who regulates the stock market in Canada?
The Investment Industry Regulatory Organization of Canada
The Investment Industry Regulatory Organization of Canada (IIROC) is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.
What is the difference between IIROC and MFDA?