OSC Staff Notice of Request for Comment – Revised Proposed Amendments Relating to the Requirement to Disclose Membership in IIROC as a Dealer Member
OSC STAFF NOTICE OF REQUEST FOR COMMENT
THE INVESTMENT INDUSTRY REGULATORY ORGANIZATION OF CANADA
REVISED PROPOSED AMENDMENTS RELATING TO
THE REQUIREMENT TO DISCLOSE MEMBERSHIP IN IIROC AS A DEALER MEMBER
On September 10, 2015, the Board of Directors ("Board") of the Investment Industry Regulatory Organization of Canada ("IIROC") approved the re-publication for public comment revisions to proposed amendments to IIROC Dealer Member Rules. The proposed amendments are intended to: (a) promote and raise public awareness of IIROC's regulatory oversight of IIROC-regulated firms and approved investment advisors; (b) educate investors on the benefits and protections of dealing with IIROC-regulated firms and investment advisors; and (c) assist investors to assess the regulatory status of firms and advisors.
The proposed amendments require IIROC Dealer Members to: (a) include the IIROC Logo on client account statements; (b) distribute the IIROC official brochure to new retail clients; and (c) include a link to the IIROC AdvisorReport on the IIROC Dealer Member's homepage and on any other IIROC Dealer Member webpage that includes a profile of an IIROC-regulated investment advisor.