Question

Which of the following are considered self regulatory organizations (SROs) within the Canadian securities industry?

i) IIROC
ii) Ontario Securities Commission
iii) TSX and TSX Venture Exchange
iv) OSFI


1. i), ii), and iv)
2. i), ii), and iii)
3. i) only
4. i) and iii) only

Answer 1

The self regulatory organizations (SROs) in the Canadian securities industry are the Investment Industry Regulatory Organization of Canada (IIROC) and the Toronto Stock Exchange (TSX) and TSX Venture Exchange, not the Ontario Securities Commission (OSC) or the OSFI.

Step-by-step explanation:

In the Canadian securities industry, the self regulatory organizations (SROs) include the Investment Industry Regulatory Organization of Canada (IIROC) and the Toronto Stock Exchange (TSX) and TSX Venture Exchange. IIROC is a national self-regulatory organization that oversees all investment dealers and trading activity on debt and equity marketplaces in Canada. The TSX and TSX Venture Exchange also act as SROs for their respective markets, regulating the conduct of their members and listed companies.

On the other hand, the Ontario Securities Commission (OSC) is a governmental regulatory agency that administers and enforces securities law in the province of Ontario. Similarly, the Office of the Superintendent of Financial Institutions (OSFI) is a federal agency that regulates financial institutions, including banks and insurers, not securities trading.

Therefore, the correct answer reflecting the self regulatory organizations within the Canadian securities industry is: i) IIROC and iii) TSX and TSX Venture Exchange.