New Self-Regulatory Organization of Canada (New SRO)

The New Self-Regulatory Organization of Canada (New SRO) is a self-regulatory organization (SRO) that regulates investment dealers and mutual fund dealers, and acts as the regulation services provider for marketplaces that have retained it as such, including monitoring trading on those marketplaces for compliance with New SRO rules and securities legislation. The New SRO carries out its regulatory responsibilities through setting and enforcing market integrity rules and dealer member rules regarding the proficiency, business and financial conduct of its member firms and their registered representatives.

The New SRO also performs the function of the information processor (IP) of Canadian corporate and government debt securities.

The New SRO was formed through the amalgamation of two predecessor SROs, the Investment Industry Regulatory Organization of Canada (IIROC) and the Mutual Fund Dealers Association of Canada (MFDA). The New SRO is a temporary legal name, which will be replaced by a new permanent name, to be determined at a later date. The IP has retained the name IIROC IP until the new permanent name is determined.