IIROC outlines new priorities

By The IJ Staff | June 06 2019 11:30AM

Photo: Freepik

The Investment Industry Regulatory Organization of Canada (IIROC) has unveiled its new three-year strategic plan and 2020 priorities, building on its goals of enhancing investor protection and supporting healthy Canadian capital markets.

Included in IIROC's seven strategies are to: deliver value for Canadians and the financial system; support industry transformation; leverage data and analytics; help firms with compliance; strengthen enforcement; drive efficiency and operational effectiveness and finally, attract, retain and enable skilled people.

Need is for more agile regulation

“Our priorities continue to focus on providing more agile and proportionate regulation to enable investment firms to meet Canadians’ changing financial needs and expectations without adding to the regulatory burden,” says IIROC president and CEO Andrew Kriegler. “Our ultimate goal is to provide value to all Canadians and the financial system in the way we regulate while continuing to protect investors and promote the health of Canadian capital markets."

The self-regulatory organization says the new strategic plan reflects the significant transformation taking place across the industry, driven by the changing needs and expectations of Canadians and the ways technology is facilitating innovation. The plan also highlights IIROC’s commitment to respond and adapt to new market realities and ensure organizational readiness for future change.

Related to the same topic …