Investment Industry SRO Forum

UPDATE Apr 15:

The recording of the webinar on SRO Forum submission is now available here:

UPDATE Apr 12:

The Forum’s recommendations for improved governance, rulemaking and operations were submitted to the CSA on March 31, 2021.

On Tuesday, April 13, join Paul Bourque, IFIC President and CEO, Matthew Latimer, Executive Director, FMFD and Ian Russell, President and CEO, IIAC as they discuss the Forum’s recommendations to the CSA.

Click here to register –

Mar 31: The Investment Funds Institute of Canada, the Investment Industry Association of Canada and the Federation of Mutual Fund Dealers established the Investment Industry SRO Forum in January of this year to consider the potential outcomes of the CSA SRO Framework Consultation. The associations felt it was important for the investment industry to collaborate to provide regulators with a broad industry view on improving self-regulation. Its overarching objective is to improve the investor experience and strengthen investor protection.

The Forum met weekly and agreed that self-regulation is critical to the Canadian capital markets and that investors are best served by one national SRO that has an operating model flexible enough to accommodate all categories of dealer and advisor registrants.

The Forum made its submission to the CSA today. Its recommendations are high-level, and focus on governance, policy, and operating efficiencies. The Forum also asserted that the SRO consolidation process needs to proceed quickly, while taking the necessary time to achieve all of the opportunities to improve self-regulation, and to ensure the appropriate balance between investor protection and efficient and competitive markets.

Please click here to see the news release the Forum issued. A joint member webinar with IFIC, IIAC and the FMFD will be held on April 13, further details to follow.

Please click here to see the submisison

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