For Firms

CIRO oversees the registration of firms who offer order execution, provide advice and conduct securities trading in Canada. These firms must register as Dealer Members. In addition, any Canadian marketplace for equity and debt trading activity must also become a Marketplace Member. Note that firms operating as Alternative Trading Systems must also become Dealer Members in addition to being Marketplace Members.

CIRO also monitors the financial and operations, business conduct, and trading conduct compliance of registered individuals and Dealer Members. Using a risk-based approach, we schedule and conduct examinations of Dealer Members to assess compliance of firms and their registered individuals with the relevant IDPC Rules, MFD Rules, UMIR, and securities legislation.