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ARTICLE · 28 APRIL 2023

Canada's New SRO: A New Name, Enforcement And Policy Focus

Borden Ladner Gervais LLP
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The New Self-Regulatory Organization of Canada (the New SRO), an amalgamation of the Investment Industry Regulatory Organization of Canada (IIROC) and the Mutual Fund Dealers Association (MFDA)...

CanadaStrategy
David Di Paolo
David Di Paolo
Maureen Doherty
Maureen Doherty
Brianne Taylor
Brianne Taylor
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The New Self-Regulatory Organization of Canada (the New SRO), an amalgamation of the Investment Industry Regulatory Organization of Canada (IIROC) and the Mutual Fund Dealers Association (MFDA), commenced operations on Jan. 1, 2023. The New SRO is responsible for enforcing compliance with its rules, including investigating complaints and suspected violations of those rules by its members.

What follows is a brief overview of the New SRO's approach to enforcement.

The New SRO name

Just recently, the New SRO released a proposed and eagerly anticipated new name and logo - the "Canadian Investment Regulatory Organization" (CIRO).

On April 24, members of the new SRO will vote on the new name. The SRO stated that replacing its temporary name is a "top priority" for the regulator and that the new name will "resonate with all stakeholders and foster a sense of confidence in the New SRO's mission".

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