IIROC Releases Annual Report for 2011-2012

TORONTO, Aug. 24, 2012 /CNW/ - The Investment Industry Regulatory Organization of Canada (IIROC) has released its 2011-12 Annual Report, titled Raising the Bar. This latest report includes an updated Strategic Plan Scorecard, which measures IIROC's progress against its strategic goals. Other highlights of this year's report include discussions and updates on:

• Reforms IIROC has implemented over the past year after extensive stakeholder consultations and empirical input to inform our understanding of new issues and trends;
• Enhancements to our compliance and examination program to reflect changes in market structure, business risks, investment products and demographics;
• Our focus on suitability, product due diligence and outsourcing and liquidity risks to promote sound prudential and business conduct standards; and
• IIROC's close collaboration with other regulators and organizations at home and abroad to influence the standard-setting process.

"I am pleased to report on our progress in raising the bar on standards of market and dealer member regulation and investor protection," writes IIROC President and CEO Susan Wolburgh Jenah in the Annual Report.  "In 2011-12, we pursued an active and focused regulatory agenda aimed at strengthening confidence in the integrity of Canada's capital markets."

The complete Annual Report is available on the IIROC website. Print copies are also available upon request. Earlier this month, IIROC issued a new Strategic Plan for the period 2012-2015.  Both the Annual Report and Strategic Plan can be found on the IIROC website.

IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.  Created in 2008 through the consolidation of the Investment Dealers Association of Canada and Market Regulation Services Inc., IIROC sets high quality regulatory and investment industry standards, protects investors and strengthens market integrity while maintaining efficient and competitive capital markets.

IIROC carries out its regulatory responsibilities through setting and enforcing rules regarding the proficiency, business and financial conduct of dealer firms and their registered employees and through setting and enforcing market integrity rules regarding trading activity on Canadian equity marketplaces.

SOURCE: Investment Industry Regulatory Organization of Canada (IIROC) - General News

Lucy Becker
Vice President, Public Affairs
416.943-5870
[email protected] 

David Thomas
Director, Public Affairs
416.943-6921
[email protected]