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Canadian Financial Organizations


Self Regulatory Organizations and Investor Protection Funds

  • Canada’s provincial and territorial securities regulators have recognized the New Self-Regulatory Organization of Canada (New SRO) and approved or accepted the Canadian Investor Protection Fund (CIPF), effective January 1, 2023.
    The New SRO consolidates the functions of the Investment Industry Regulatory Organization of Canada and the Mutual Fund Dealers Association of Canada. The New SRO regulates mutual fund dealers, investment dealers, and acts as the regulation services provider for marketplaces that have retained it as such, including monitoring trading on those marketplaces for compliance with New SRO rules and securities legislation.
    The CIPF combines the former Canadian Investor Protection Fund and the MFDA Investor Protection Corporation into a new entity that is independent of New SRO. The CIPF provides compensation to eligible customers of New SRO member firms in the event of a firm’s insolvency. It does not cover losses resulting from the changing market value of securities, unsuitable investments, or the default by an issuer of securities.
    Additional details can be found here.
  • 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 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.