Annual Report

2016 - 2017

Public Interest Regulator
IIROC logo


Protecting Investors and Supporting Healthy Capital Markets Across Canada







MISSION

Our mission is to protect investors and support healthy Canadian capital markets.





VISION

IIROC’s vision statement describes what we want to achieve over time – it is our definition of long-term success.

We will demonstrate how our self-regulatory model serves the public interest, by:

  • • inspiring confidence and deterring wrongdoing by having and using robust and appropriate tools
  • • making the delivery of securities regulation in Canada significantly more efficient
  • • being known as a trusted, respected and valued partner by our stakeholders
  • • being a leading-edge securities regulator
  • • creating a culture that attracts and retains high-quality employees.




IIROC IS THE NATIONAL SELF-REGULATORY ORGANIZATION

which oversees all investment dealers and their trading activity in Canada’s debt and equity markets. IIROC sets high-quality regulatory and investment industry standards, protects investors and strengthens market integrity while supporting healthy Canadian 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 debt and equity marketplaces.




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: 129
  • Dealer Member firms participating in
    District Councils: 104*
  • Meetings: 74
  • Decisions: 308**

*   Dealer Member firms may participate on multiple District Councils and are counted for each District Council on which they are represented. However, within each District Council a Dealer Member firm is counted only once regardless of whether the firm is represented on the Council by more than one individual.
** Includes decisions made by Registration Committees and District Councils.



POLICY ADVISORY

COMMITTEES

Financial and Operations Advisory Section


Conduct, Compliance and Legal Advisory Section


Proficiency Committee


Fixed Income Committee


Market Rules Advisory Committee


  • Committee members: 198
  • Dealer Member firms and Marketplaces
    represented: 121*
*   Firms and marketplaces may participate in multiple committees.