What are IIROC rules?
What are IIROC rules?
The IIROC Rules govern the activities of investment firms and, together with IIROC’s existing Universal Market Integrity Rules (UMIR), comprise IIROC’s regulatory framework. This HTML version of the IIROC Rules has been prepared to enable improved rule access.
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 IIROC federal or provincial?
The IIROC operates under Recognition Orders from the provincial and territorial securities commissions that make up the Canadian Securities Administrators (CSA).
What is IIROC PLR?
Regulatory purpose The purpose of the PLR Rule Book is to: establish and maintain rules necessary or appropriate to govern and regulate all aspects of IIROC’s functions and responsibilities as a self-regulatory entity. ensure compliance with securities laws.
How do I get an IIROC license?
In order to apply to IIROC, an individual must be sponsored by an IIROC-regulated Dealer Member. Dealer Members are encouraged to conduct due diligence on applicants, including by requesting a copy of their registration file from IIROC.
How many IIROC advisors are there in Canada?
IIROC oversees approximately 174 firms and their 31,000 registered representatives. We refer to the firms that we regulate as IIROC Dealer Members….Dealers we regulate.
| Organization Name | Address |
|---|---|
| AGF Securities (Canada) Limited | 66 Wellington Street West Suite 3100 Toronto ON M5K 1E9 416-865-4176 www.agf.com |
What does it mean to be IIROC licensed?
IIROC’s role is to protect investors and promote high industry standards, including by acting as a gatekeeper. In order to apply to IIROC, an individual must be sponsored by an IIROC-regulated Dealer Member.
How long does IIROC license last?
three years
Courses are valid for three years from the date of successful completion. An applicant for approval must rewrite a course if the applicant has not been approved in a category listed in subsection 2602(3) requiring the course within the last three years.
Is IIROC federally regulated?
Welcome to IIROC The Investment Industry Regulatory Organization of Canada is the pan‑Canadian self‑regulatory organization that oversees all investment dealers and trading activity on Canada’s debt and equity marketplaces.
How long does it take to get IIROC licensed?
A financial advisor advising retail clients and who is regulated by IIROC is required to complete a rigorous curriculum that includes the Canadian Securities Course (135-200 hours of study with two 2- hour exams), the Conduct and Practices Handbook Course (40-55 hours of study with one 3-hour exam), and a 90-day …
Is IIROC an SRO?
The Canadian Securities Administrators (“CSA”) recently announced that the new self-regulatory organization (“New SRO”) that will consolidate the current functions of the Investment Industry Regulatory Organization of Canada (“IIROC”) and the Mutual Fund Dealers Association of Canada (“MFDA”) is expected to launch by …
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.
