Chapter 3 Flashcards
1
Q
Self-regulatory org (SRO)
A
PRIVATE INDUSTRY org to which the provincial regulatory bodies have granted the privilage of regulating their own members - have the power to prescribe their own rules of conducts and financial requirements
2
Q
Canadian Investment regulatory org (CIRO)
A
National SRO, oversees all investment dealers, mutual funds delaers and trading activities’
3
Q
Functions of CIRO
A
- FInancial compliance
- Business conduct compliance
- Registration: professional standards/educational programs
- Enforcement
- Market surveillance
4
Q
OSFI (The office of the superintendent of financial institutions)
A
Regulate and supervise the following federally registered institutions (banks, trusts, loan companies, insurance companies, federally-regulated pension plans, foreign banks)
