Alert:
Dealer Member Compliance
CIRO Compliance teams regularly examine Dealer Member firms to assess each firm’s compliance with our Rules and applicable securities legislation.
Financial & Operations Compliance (FINOPS), formerly Financial Compliance for the mutual fund dealers, monitors the solvency of all Dealer Members and ensures that business activities are conducted within prescribed capital limits. FINOPS also monitors Dealer Member adherence to operational rules, including the safeguarding of customer assets. Members of CIRO are automatically members of the Canadian Investor Protection Fund (CIPF) and are protected by the CIPF’s Investment Dealer Fund in accordance with its Coverage Policy.
Business Conduct Compliance (BCC), formerly Sales Compliance for the mutual fund dealers, monitors business conduct related activities of Dealer Members and their registered individuals. BCC ensures that firms have implemented policies, procedures and controls to conduct and supervise their lines of business in compliance with applicable rules and to protect investors.
Trading Conduct Compliance monitors the trading-related activities of Dealer Members and ensures that firms have implemented policies, procedures, and controls to prevent and detect potential negative impacts to market integrity and comply with applicable requirements.