The Canadian Investment Regulatory Organization (CIRO; ''Organisme canadien de réglementation des investissements'' or ''OCRI'' in French) is a non-profit, national
self-regulatory organization
Self-regulation may refer to:
*Emotional self-regulation
*Self-control, in sociology/psychology
*Self-regulated learning, in educational psychology
*Self-regulation theory (SRT), a system of conscious personal management
*Industry self-regulation, ...
(SRO). Established through the merger of the
Investment Industry Regulatory Organization of Canada
Investment is traditionally defined as the "commitment of resources into something expected to gain value over time". If an investment involves money, then it can be defined as a "commitment of money to receive more money later". From a broade ...
(IIROC) and
Mutual Fund Dealers Association (MFDA) on January 1, 2023, CIRO oversees all investment dealers, mutual funds and trading activity on debt and equity markets in
Canada
Canada is a country in North America. Its Provinces and territories of Canada, ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, making it the world's List of coun ...
.
The organization sets regulatory and investment industry standards and has quasi-judicial powers in that it holds enforcement hearings and has the power to suspend, fine and expel members and their representatives.
History
CIRO was formed on January 1, 2023, through the merger of the Investment Industry Regulatory Organization of Canada (IIROC) and Mutual Fund Dealers Association (MFDA) as the New Self-Regulatory Organization of Canada (New SRO).
On April 24, 2023, the name of the Canadian Investment Regulatory Organization (CIRO) was approved by its members.
Management
Andrew J. Kriegler is the president and chief executive officer of CIRO since January 1, 2023, after having served on the same position in IIROC since 2014.
Tim Hodgson is a corporate director and chair of CIRO since January 1, 2023.
Operations
CIRO operates under Recognition Orders from the
Canadian Securities Administrators (CSA), which is the umbrella for Canada's provincial and territorial securities regulators. CIRO is subject to CSA oversight and regular operational reviews. It operates according to its By-Law No. 1.
[https://www.ciro.ca/media/31/download?inline]
See also
*
Canadian securities regulation
Canadian securities regulation is managed through the laws and agencies established by Canada's 10 provincial and 3 territorial governments. Each province and territory has a securities commission or equivalent authority with its own provincial o ...
*
Universal Market Integrity Rules
*
List of financial regulatory authorities by jurisdiction
In this list of financial regulatory and supervisory authorities, central banks are only listed where they act as direct supervisors of individual financial firms, and competition authorities and takeover panels are not listed unless they are set ...
References
External links
*
{{Authority control
Securities industry in Canada
Financial regulation in Canada
Self-regulatory organizations in Canada
Financial regulatory authorities of Canada
Investment in Canada