Self-Regulation Of Canadian Securities Markets

For nearly 20 years, securities transaction activities have been regulated by two industry-led Self-Regulatory Organizations (SROs): the Mutual Fund Dealers Association of Canada (MFDA), which oversees mutual fund dealers (except in Québec) and the Investment Industry Regulatory Organization of Canada (IIROC), which is responsible for oversight of all investment dealers and trading activity on debt and equity markets in Canada. There is no strict definition of...