The Canadian Investment Regulatory Organization, created January 1, 2023 when IIROC and the MFDA amalgamated; named CIRO June 1, 2023.
CIRO is the national self-regulatory organization that oversees Canadian investment dealers, mutual fund dealers, and trading on Canadian equity and debt marketplaces. It was created January 1, 2023 when IIROC and the MFDA amalgamated, and took the CIRO name on June 1, 2023. CIRO writes the IDPC Rules, administers UMIR, and (through Fitch Learning) administers the CIRO Proficiency Model exams including the CIRE.
CIRO website (ciro.ca); Recognition Order issued by the CSA
CIRE
Canadian Investment Regulatory Exam, the entry-level CIRO exam.
CSA (Canadian Securities Administrators)
Umbrella organisation of Canada's 13 provincial/territorial securities regulators.
Canadian Investor Protection Fund (CIPF)
Investor protection fund covering client property at CIRO investment dealers and mutual fund dealers up to $1 million per account category.
NI 31-103
National Instrument on Registration Requirements, Exemptions and Ongoing Registrant Obligations.
Ontario Securities Commission (OSC)
Ontario's provincial securities regulator and the largest CSA member by market participants.
Autorité des marchés financiers (AMF)
Quebec's integrated financial-sector regulator covering securities, insurance, and deposit institutions.
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