The Investment Industry Regulatory Organization of Canada (IIROC) has identified its compliance priorities for 2019.
They include risks and trends identified in firms’ business conduct, financial operations requirements, trading practices, as well as registration and membership filings and disclosures.
Specifically, IIROC will focus on implementing changes to risk models to ensure IIROC’s compliance resources are focused on the greatest risks to investors and market integrity.
It will also continue to support firms’ cybersecurity resiliency by compiling and reviewing the results of IIROC’s second survey on cybersecurity preparedness conducted late last year.
As well, it will help ensure that IIROC-regulated firms demonstrate a commitment to a strong compliance culture.
“This report is an important overview of issues and challenges that firms should address to better comply with IIROC’s regulatory standards,” says Victoria Pinnington, IIROC’s senior vice-president, Market Regulation and Policy. “Ensuring compliance with IIROC’s high standards is an integral part of our mandate to protect investors and maintain confidence in the integrity of Canada’s capital markets.”