Effective January 1, 2023, the Investment Industry Regulatory Organization of Canada (IIROC) and the Mutual Fund Dealers Association of Canada (MFDA) became one organization that was temporarily known as the New Self-Regulatory Organization of Canada (New SRO).

New SRO is a self-regulatory organization (SRO) recognized under Applicable Securities Laws in Canada. Oversight of New SRO is conducted by members of the Canadian Securities Administrators (CSA). New SRO oversees all investment dealers and trading activity on debt and equity marketplaces in Canada. It also regulates the operations, standards of practice and business conduct of its mutual fund dealer members.

New SRO carries out its regulatory responsibilities through setting and enforcing rules regarding the proficiency, business and financial conduct of dealer firms and their registered employees and through setting and enforcing market integrity rules regarding trading activity on Canadian equity marketplaces.

On April 24, 2023, the members of the New SRO approved the new name of the organization, Canadian Investment Regulatory Organization (CIRO), which became effective June 1, 2023.

For more information, see the CIRO website.