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ARTICLE · 02 DECEMBER 2024

Delegation Of Certain Registration Functions To CIRO

Borden Ladner Gervais LLP
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The Canadian Securities Administrators (CSA) announced on November 20 that as part of an effort to create efficiencies and reduce regulatory burden its members are considering delegating...

CanadaCorporate/Commercial Law
AUM Law
AUM Law
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The Canadian Securities Administrators (CSA) announced on November 20 that as part of an effort to create efficiencies and reduce regulatory burden its members are considering delegating select registration functions to the Canadian Investment Regulatory Organization (CIRO). More specifically, certain regulators are considering delegating the routine applications of firms in the category of investment dealers and of mutual fund dealers (both firmsandindividuals) in certain jurisdictions.

The announcement indicated that for now, portfolio managers, investment fund managers, exempt market dealers, scholarship plan dealers and restricted dealers would continue to be registered and overseen by the CSA.

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