PUBLIC INTEREST REGULATOR

ANNUAL REPORT 2014 - 2015



Message from the Chair

Report from the President and CEO

IIROC logo


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, and through setting and enforcing market integrity rules regarding trading activity on Canadian equity markets.





How we work

IIROC’s regional roots run deep. IIROC’s District Councils and policy consultative committees offer insight and invaluable input. Self-regulation helps to ensure that policies and rules keep pace with evolving markets through consultation with industry participants who are confronted by change on a daily basis. This process helps ensure that rules and policies are balanced and practical.



IIROC’S NATIONAL ADVISORY

COMMITTEE


Serves as a forum for Chairs of the District Councils to raise and discuss matters of interest, provide input on policy initiatives and report to the IIROC Board of Directors three times a year.



IIROC’S 10 DISTRICT

COUNCILS


Address registration and membership matters, raise issues of regional interest, and add perspective to national issues, including policy issues.


Ensure regional input into the regulatory process – an integral component of self-regulation.


  • District Council members: 14
  • Member firms participating in District Councils: 114*
  • Meetings: 85
  • Decisions: 758**

*  The number of firms and marketplaces represented is non-unique, meaning each firm or marketplace is counted as many times as it is represented on various sections or committees.
** Includes decisions made by committees and sub-committees.

POLICY ADVISORY

COMMITTEES


Financial Administrators Section


Compliance and Legal Section


Fixed Income Committee


Market Rules Advisory Committee


Education and Proficiency Committee


  • Committee members: 225
  • Firms and Marketplaces represented:118*
  • Meetings: 28
*  Firms and marketplaces may participate in multiple committees.





IIROC

MANDATE


We set and enforce high-quality regulatory and investment industry standards, protect investors and strengthen market integrity while maintaining efficient and competitive capital markets.

IIROC

VISION


We will be known for our integrity, our transparency and our fair and balanced solutions. We aim for excellence and regulatory best practices. Our actions are driven by sound, intelligent deliberation and consultation.

IIROC

VALUES


Act with Integrity We conduct ourselves in an ethical manner in accordance with the highest degree of fairness and professionalism.

Be accountable We act in a timely, diligent and responsive manner.

Be proactive We are open to new ideas as we anticipate and collaborate to meet the challenges of a constantly changing environment.