Industry Regulation
Listed below are the Major Financial and Investment Regulators in Canada and their respective Provincial Jurisdictions. These regulatory institutions are mandated by their respective governments for the sole purpose to ensure that the standards, protocols and norms are respected and adhered to by all registered Financial, Investment and Insurance institutions and their Representatives in Canada and their respective Provincial Jurisdictions.
Established on February 1, 2004 , the Autorité des marchés financiers (the “AMF” or the “Authority”) is the body mandated by the Québec government to regulate Québec’s financial markets and assist consumers of financial products and services. The AMF is unique in that it oversees, in an integrated manner, the areas of insurance, securities, derivatives, deposit institutions—other than banks—and the distribution of financial products and services. For more information on Investment and Financial Regulation in Quebec and Canada, please click here: lautorite.qc.ca.
Investment Industry Regulatory Organization of Canada (IIROC) is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada. IIROC sets high-quality regulatory and investment industry standards, protects investors and strengthens market integrity while maintaining efficient and competitive capital markets. For more information, please click here: https://www.iiroc.ca
Canadian Securities Administrators (CSA) is an umbrella organization of Canada’s provincial and territorial securities regulators whose objective is to improve, coordinate and harmonize regulation of the Canadian capital markets. For more information, please click here: https://www.securities-administrators.ca
Canadian Investor Protection Fund (CIPF). CIPF’s mandate was established by Canada’s provincial and territorial securities regulators. CIPF is authorized to provide protection within prescribed limits to eligible clients of member firms suffering losses if client property comprising securities, cash, and other property held by such member firms is unavailable as a result of the insolvency of the member firm. For more information, please click here: https://www.cipf.ca
SEDAR (the System for Electronic Document Analysis and Retrieval) is the system used for electronically filing most securities related information with the Canadian securities regulatory authorities. Filing with SEDAR started January 1, 1997, and is now mandatory for most reporting issuers in Canada. Sedar is the official site that provides access to most public securities documents and information filed by issuers with the thirteen provincial and territorial securities regulatory authorities (“Canadian Securities Administrators” or “CSA”) in the SEDAR filing system. The statutory objective in making public this filed information is to enhance investor awareness of the business and affairs of issuers and to promote confidence in the transparent operation of capital markets in Canada. Achieving this objective relies heavily on the provision of accurate information on market participants. For more information, please click here: https://www.sedar.com
Canada Deposit Insurance Corporation (CDIC), is a Canadian federal Crown Corporation created by Parliament in 1967 to provide deposit insurance to depositors in Canadian commercial banks and savings institutions. For more information, please click here: https://www.cdic.ca
Mutual Fund Dealers Association of Canada (MFDA) is a Canadian self-regulatory organization (SRO) that provides oversight to dealers that distribute mutual funds and exempt fixed income products. It is licensed under all Canadian provincial securities regulators (except Quebec, where it cooperates with the AMF instead). The MFDA is structured as a not-for-profit corporation and its Members are mutual fund dealers that are licensed with provincial securities commissions. For more information, please click here: https://mfda.ca
The Securities and Exchange Commission (SEC)
For more than 85 years since its founding at the height of the Great Depression, the mission of the SEC is to protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation. The SEC strives to promote a market environment that is worthy of the public’s trust. For more information, please click here: https://www.sec.gov/