Canadian Financial Organizations
Self Regulatory Organizations
- 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. IIROC sets high-quality regulatory and investment industry standards, protects investors and strengthens market integrity while maintaining efficient and competitive capital markets. IIROC carries out its regulatory responsibilities through setting and enforcing rules regarding the proficiency, business and financial conduct of dealer firms and their registered employees through setting and enforcing market integrity rules regarding trading activity on Canadian equity markets.
- The Mutual Fund Dealers Association (MDFA) is the national self-regulatory organization (SRO) for the distribution of the Canadian mutual fund industry.
- The mission of the Chambre de la sécurité financière is to ensure that the financial sector professionals whose operations it governs act in the interest of consumers by offering them products and services that protect and stimulate the growth of their family assets. It accomplishes this mission by carefully regulating the practices and promoting the ongoing development of skills of these professionals in Quebec.
- The Canadian Investor Protection Fund (CIPF) was established by the investment industry to protect investors. It is CIPF’s mandate to ensure, within defined limits, that the cash and securities belonging to eligible customers of Canadian investment dealers are returned to them in the event of the insolvency of a CIPF Member. CIPF is sponsored by the Investment Industry Regulatory Organization of Canada (IIROC) and is the only compensation fund approved by the CSA for IIROC Dealer Members. All IIROC Dealer Members are CIPF Members. For more information visit www.cipf.ca.
- The Canadian Derivatives Clearing Corporation (CDCC) is the issuer, clearinghouse, and guarantor of exchange-traded interest rate and equity derivative contracts traded in Canada.
International Regulatory Associations
- The International Organization of Securities Commissions (IOSCO) is an organization of securities commissions around the world established to cooperate to promote high standards of regulation, to exchange information and to unite to establish standards and effective surveillance of international securities transactions.
- The Committee of European Securities Regulators (CESR) is a forum for securities regulators in Europe established to respond to the challenges of creating a European single market in financial services.
- The North American Securities Administrators Association (NASAA) is an international and voluntary organization devoted to investor protection whose membership consists of state, provincial, and territorial securities administrators in the United States, Puerto Rico, Canada, and Mexico.
- The Financial Industry Regulatory Authority (FINRA) is the largest independent regulator for all securities firms doing business in the United States.
- The U.S. Securities and Exchange Commission (SEC) is the U.S. securities regulatory and enforcement agency which administers and enforces federal securities laws in order to protect investors, and to maintain fair, honest, and efficient markets.