Self-Regulatory Organizations
The Securities Act (Alberta) gives the ASC authority to recognize a self-regulatory organization (SRO). An SRO is an organization that represents its members and is organized for the purpose of regulating the operations, standards of practice, and business conduct of its members and their representatives. An SRO also promotes the protection of investors and the public interest through the establishment of rules that promote ethics and equality.
The SRO currently recognized by the ASC is the Canadian Investment Regulatory Organization (CIRO). On January 1, 2023, CIRO replaced and consolidated the functions of the Mutual Fund Dealers Association of Canada (MFDA) and the Investment Industry Regulatory Organization of Canada (IIROC) to provide enhanced regulation of the investment industry. It had temporarily been known as the New Self-Regulatory Organization of Canada (New SRO).
Current Self-Regulatory Organization
Canadian Investment Regulatory Organization (CIRO)
| Entity | Title | Effective Date |
| CIRO/CIPF |
2024 Annual Activities Report on the Oversight of CIRO and CIPF | 03/27/2025 |
| CIRO/CIPF | 2023 Annual Activities Report on the Oversight of CIRO and CIPF |
03/28/2024 |
| IIROC/MFDA | 2022 Annual Activities Report on the Oversight of SROs and IPFs |
04/20/2023 |
| Entity | Title | Effective Date |
| IIROC | IIROC Restricted Fund Approval Order | 10/27/2022 |
| MFDA | MFDA Discretionary Fund Approval Order |
07/19/2022 |
| IIROC |
ASC Decision Document: Exemption from Certain Terms of the Recognition Order | 04/09/2013 |
| IIROC |
ASC Decision Document: Exemption from Certain Terms of the Recognition Order | 03/16/2012 |
| Entity | Title | Effective Date |
| CIRO | MOU Regarding Oversight of CIRO |
06/01/2023 |
Historical Information
| Entity | Title | Effective Date |
| New SRO | MOU Regarding Oversight of the New SRO |
01/01/2023 |
| IIROC | MOU Regarding Oversight of IIROC |
04/01/2021 |
| MFDA |
MOU Regarding Oversight of the MFDA |
04/01/2021 |
| MFDA | MOU Regarding Oversight of the MFDA |
10/02/2013 |
| IIROC | MOU Regarding Oversight of IIROC |
05/30/2008 |
| Entity | Title | Effective Date |
| CIRO | 2024 Oversight Review Report of CIRO |
07/23/2025 |
Historical Information
| Entity | Title | Effective Date |
| CIRO |
CIRO Recognition Order | 06/01/2023 |
Historical Information
| Entity | Title | Effective Date |
| CIRO | ASC Registration Authorization Order and Revocation - CIRO | 04/01/2025 |
| CIRO | FAQs: Delegation to CIRO of Registration Function for Investment Dealers and Mutual Fund Dealers |
Historical Information
| Entity | Title | Effective Date |
| IIROC |
Registration Authorization and Revocation Order (IIROC) | 06/01/2008 |
- Visit the CIRO Rule Reviews page
| Title | Effective Date |
| CSA Position Paper 25-404 New Self-Regulatory Organization Framework |
08/03/2021 |
| CSA Consultation Paper 25-402 Consultation on the Self-Regulatory Organization-Framework |
06/25/2020 |