Table of Contents
What are IIROC members?
IIROC oversees the registration of firms and individuals who provide advice and conduct securities trading in Canada. These firms must register as Dealer Members. In addition, any Canadian marketplace for equity and debt trading activity must also become a Marketplace Member.
What are IIROC rules?
The IIROC Rules govern the activities of investment firms and, together with IIROC’s existing Universal Market Integrity Rules (UMIR), comprise IIROC’s regulatory framework. This HTML version of the IIROC Rules has been prepared to enable improved rule access.
Is RBC part of IIROC?
RBC Dominion Securities Inc. IIROC.
Is CIBC a IIROC?
April 6, 2022 (Toronto, Ontario) – On March 30, 2022, a Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) accepted a Settlement Agreement, with sanctions, between IIROC staff and CIBC World Markets Inc. CIBC World Markets Inc.
Is CIBC part of IIROC?
CIBC Investor Services Inc. IIROC.
How long does it take to get an IIROC license?
Generally, applications take a minimum of six months. Are there different classes of Dealer Membership in IIROC? There are no classes of Dealer Membership in IIROC. All Dealer Members are required to meet and maintain the same requirements.
What marketplace does IIROC regulate?
All Canadian equity marketplaces, including stock exchanges and alternative trading systems (ATS), must comply with Canadian securities laws and other requirements set out by Canadian securities commissions.
How much do you need to invest with Wood Gundy?
The minimum amount may vary from as little as $50 to $250 and you can increase this amount at your convenience.
What does Wood Gundy do?
CIBC Wood Gundy is a full-service investment firm with about 1,400 Investment Advisors and more than 100 branches across Canada. We offer a comprehensive array of investment and insurance products and services.
Is Scotiabank an Iiroc member?
December 17, 2021 (Toronto, Ontario) – On December 17, 2021, a Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) accepted a Settlement Agreement, with sanctions, between IIROC staff and Scotia Capital Inc. Scotia Capital Inc.
Is Scotiabank an Iiroc firm?
The banks helped sell off Royal Dutch Shell plc’s stake in Canadian Natural Resources Ltd. A trio of bank-owned investment dealers has agreed to pay over $1.5 million to settle allegations that they violated trading rules when helping bring a cross-border bought deal to market.
Is Scotiabank an IIROC firm?
Is Scotiabank an IIROC member?
What has changed with IIROC’s new approval categories?
As part of the Registration Reform initiative IIROC simplified and streamlined its approval categories relating to partners, directors and officers to focus on those individuals who have a significant influence on a Dealer Member and, in particular, those who are responsible for corporate governance.
What is IIROC looking for in experience?
IIROC views the experience as a necessary requirement in order to perform the activity competently. Staff will look for strong operational and compliance/supervisory industry experience when considering an individual’s experience with a Dealer or registered advisor.
What are the requirements to apply to the IIROC?
The request to IIROC must be in writing and include reasons for the request. The Dealer must provide copies of: the Dealer’s by-laws or similar document defining the duties and functions of the individual, the Dealer’s description of the individual’s position. Similar to the UDP requirement, a Dealer must have a CFO and CCO at all times.
What is IIROC’s CSC 19 alternative?
IIROC will accept Level I or any higher level of the CFA Program as an alternative to the CSC 19 for the applicable approval categories.