Tag archives: IIROC

Reasonable diligence and good faith, no excuse for CFOs under IIROC regulatory regime

In Sutton (Re), the Investment Industry Regulatory Organization of Canada’s (IIROC) found that individuals with regulatory functions in securities industry may not enjoy immunity for errors where they acted in good faith and with reasonable diligence. Sutton was a specialist in the field of securities industry regulation. From March 2003 until July 2012, he acted … Continue reading

IIROC To Step Up Compliance Efforts in Response to Regulator Scrutiny

Last month, the Canadian Securities Administrators released its annual Oversight Review Report of the Investment Industry Regulatory Organization of Canada (IIROC), which evaluates the effectiveness of IIROC’s key processes and the organization’s compliance with its mandate during the period between April 2015 and July 2016.  IIROC oversees investment dealers (known as “Dealer Members”) and trading … Continue reading
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