IIROC Annual Report highlights regulatory progress

September 6, 2013

The Investment Industry Regulatory Organization of Canada yesterday released its 2012-2013 annual report, which outlines the progress made by IIROC over the past year to protect investors, promote compliance and effective risk management, and foster fair, efficient and competitive capital markets.

IIROC's accomplishments over the past year include new electronic trading rules, the publication of guidance on deceptive trading practices and publication of a proposed framework for enhanced oversight of the Canadian debt market. On the enforcement front, IIROC held 58 disciplinary hearings over the past year, issued 26 suspensions and 7 terminations. This compares to 73 disciplinary hearings, 29 suspensions and 9 bans the previous year. In addition to regulating registered firms and individuals, IIROC also regulates trading on four stock exchanges and seven equity alternative trading systems (ATSs).

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