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The Future of Canadian SROs

For Canadian self-regulatory organizations (SROs), change is inevitable

On June 25th, 2020, the Canadian Securities Administrators (CSA) launched a call for proposals on the framework for Self-Regulatory Organizations (SROs), opening the door for much anticipated SRO reform focused on the Investment Industry Regulatory Organization of Canada (IIROC) and the Mutual Funds Dealers Association (MFDA). Each organization offers a differing opinion on how best to move forward, with IIROC proposing a consolidation of the two bodies, and the MFDA proposing the creation of a new SRO.

Our article outlines the current situation facing Canada’s Self-Regulatory Organizations, the possible impacts of reform, and the implications you need to consider as we move towards the CSA’s forthcoming decision in Summer of 2021.

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