Investment Industry Regulatory Organization of Canada
| L’Organisme canadien de réglementation du commerce des valeurs mobilières | |
| Abbreviation | IIROC/OCRCVM |
|---|---|
| Formation | 2008 |
| Type | Organizations based in Canada |
| Legal status | active |
| Purpose | Monitors members for securities law compliance; enforces securities regulations through quasi-judicial proceedings |
| Headquarters | Suite 2000, 121 King Street West, Toronto, Ontario, Canada |
Region served | Canada |
Official language | English, French |
CEO, President | Andrew J. Kriegler |
Chair | Paul D. Allison |
| Budget | C$101.237M (FY 2020) |
| Website | https://www.iiroc.ca/ |
The Investment Industry Regulatory Organization of Canada (IIROC; French: Organisme canadien de réglementation du commerce des valeurs mobilières, or OCRCVM) was a non-profit, national self-regulatory organization (SRO). Established through the merger of the Investment Dealers Association of Canada (IDA) and Market Regulation Services Inc. (RS) on June 1, 2008, IIROC oversaw all investment dealers and trading activity on debt and equity markets in Canada. It was later merged with the Mutual Fund Dealers Association of Canada (MFDA) to form the Canadian Investment Regulatory Organization (CIRO).
The organization set regulatory and investment industry standards. It also had quasi-judicial powers in that it held enforcement hearings and had the power to suspend, fine and expel members and registered representatives, such as advisors. However, it has often been criticized by investor advocates as ineffective.