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ARTICLE · 18 AUGUST 2021

CSA Announce Plan To Replace MFDA And IIROC With A New Self-Regulatory Organization

Stikeman Elliott LLP
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CSA plan is intended to provide for enhanced regulation of the investment industry while minimizing regulatory inefficiencies and reducing investor confusion

CanadaFinance and Banking
Stikeman Elliott LLP
Stikeman Elliott LLP
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CSA plan is intended to provide for enhanced regulation of the investment industry while minimizing regulatory inefficiencies and reducing investor confusion

  • The CSA have released a position paper outlining their intention to replace the Mutual Fund Dealers Association of Canada (MFDA) and Investment Regulatory Organization of Canada (IIROC) with a new self-regulatory organization (New SRO).
  • The New SRO will initially regulate investment dealer and mutual fund dealer registration categories, as well as marketplace members, with other categories to be considered at a later stage.
  • The New SRO will have an enhanced governance structure, and is intended to eliminate duplicative costs and minimize regulatory inefficiencies, while reducing investor confusion.

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