For Immediate Release
April 26, 2013

Canadian Securities Regulators undertake review following loss of personal information

Toronto – The Canadian Securities Administrators (CSA) announced that, as part of its ongoing oversight, it is reviewing the Investment Industry Regulatory Organization of Canada’s (IIROC) policies, procedures and controls as a result of the recent accidental loss of a portable device containing personal information about clients of some IIROC member firms.

The CSA is responsible for the regulatory oversight of IIROC, which is a self-regulatory organization that regulates investment dealers and trading activities on debt and equity marketplaces in Canada. IIROC must, subject to applicable legislation, collect, use and disclose personal information only to the extent reasonably necessary to carry out its regulatory activities and mandate. IIROC is also required to adopt policies and procedures designed to ensure that confidential information about the operations of its dealer members is maintained in confidence and is not shared inappropriately with other persons.

The CSA is reviewing the facts surrounding this incident, including a review of IIROC’s current policies, procedures and controls relating to information security, the encryption of data, and the collection and storage of personal information for regulatory purposes.

The CSA, the council of the securities regulators of Canada’s provinces and territories, co-ordinates and harmonizes regulation for the Canadian capital markets.

For more information:



Carolyn Shaw-Rimmington
Ontario Securities Commission
416-593-2361

Lorinda Brinton
Alberta Securities Commission
403-297-2665

Sylvain Théberge
Autorité des marchés financiers
514-940-2176

Richard Gilhooley
British Columbia Securities Commission
604-899-6713

Ainsley Cunningham
The Manitoba Securities Commission
204-945-4733

Wendy Connors-Beckett
New Brunswick Securities Commission
506-643-7745

Tanya Wiltshire
Nova Scotia Securities Commission
902-424-8586

Daniela Machuca
Financial and Consumer Affairs
Authority of Saskatchewan
306-798-4160

Janice Callbeck
The Office of the Superintendent of
Securities, P.E.I.
902-368-6288

Doug Connolly
Financial Services Regulation Division of
Newfoundland and Labrador
709-729-2594

Rhonda Horte
Office of the Yukon Superintendent
of Securities
867-667-5466

Louis Arki
Nunavut Securities Office
867-975-6587

Donn MacDougall
Northwest Territories Securities Office
867-920-8984