CIRO Dealer Registration Standards

On Aug. 31, CIRO proposed registration and proficiency amendments.

  • CIRO proposed clarifying amendments to registration and proficiency requirements.
  • Provided redline version of Investment dealer and partially consolidated (IDPC) rules.
  • Rule Provisions
  • Refined the proficiency requirements in CIRO Rule 2600 on proficiency standards.
  • Clarified redundant and ambiguous language in CIRO Rule 2500 (C-Suite approvals).
  • Also clarified language in CIRO Rule 2600 (proficiency standards), CIRO Rule 2700 (Continuing education (CE) member requirements), and CIRO Rule 3900 (supervision).
  • Made consequential changes to cross-references, terminology arising from changes.
  • Consultation
  • Comments on proposed amendments must be submitted in writing by Oct. 2, 2023.
  • Jun. 2024 CIRO Final Amendments
  • On Jun. 27, 2024, CIRO reported CSAs approved amendment, effective Sep. 28, 2024.
  • CSA OSC and CSA Que published notices of approvals in their respective bulletins.

Regulators C-IIROC; CIRO; CSA OSC; CSA Que
Entity Types B/D; Bank; Depo; Exch; HF; IA
Reference CSA Que: Bul Vol. 21 No. 5 p. 207, 6/27/2024; Bul Vol. 20 No. 34 p. 449, 8/31/2023; CSA OSC: Bul Vol. 47 No. 26 p. 5445, 6/27/2204; Bul Vol. 46 No. 35 p. 7176, 8/31/2023; C-IIROC: Bul, 8/31/2023; CIRO: Bul. 24-0199, 6/27/2024; PR 23-0096, 8/31/2023; Citation: *CIRO Rule* 2600, 2500, 2700, 3900;
Functions Compliance; C-Suite; Financial; Legal; Operations; Registration/Licensing; Training
Countries Canada
Category
State
Products Banking; Derivatives; Equity; Fixed Income; Fund Mgt; Securities
Regions Am
Rule Type Final
Rule Date 8/31/2023
Effective Date 9/28/2024
Rule Id 183513
Linked to N/A
Reg. Last Update 6/27/2024
Report Section International

Last substantive update on 07/02/2024