New Self-Regulatory Organization

The Canadian Securities Administrators (CSA) is creating a new, single self-regulatory organization (SRO) that will provide enhanced regulation of the investment industry. The new SRO will consolidate the functions of the Investment Industry Regulatory Organization of Canada (IIROC) and the Mutual Fund Dealers Association of Canada (MFDA). The CSA will also combine two existing investor protection funds – the Canadian Investor Protection Fund and the MFDA Investor Protection Corporation – into an integrated fund independent of the new SRO.