Canadian Investment Regulatory Organization

Country

Canada

Jurisdiction

Government Reg.

Established in

2008

Forex Regulation

Overall Rating

Licensed Brokers

High

Transparency Index

Tier 1

Global Tier

IOSCO Member

FATF Member

Key Performance Indicators

Total Rating

580

Total cumulative score across all categories

Average Rating

Average score across all performance metrics

Years Active

Years of regulatory operation

Active Licenses

Currently active licenses

Regulated Instruments

Types of financial instruments

Geographical Coverage

Countries under jurisdiction

Client Protection Details

Client Fund Insurance

Insurance coverage protecting client deposits and funds

✓

Status:Up to CAD 1000000 (CIPF)

Coverage: Up to CAD 1000000 (CIPF)

Account Managed Separately

Requirement for client funds to be held separately from company funds

✓

Status:Required

Negative Balance Protection

Protection against negative account balances in trading

✓

Status:Supported

Investment Professional Support

Access to qualified investment professionals and advisory services

✗

Status:Not Available

Operational Metrics

compliance

Transparency Level

High

market

Market Position

Tier 1

regulatory

Regulatory Approach

Government-regulated

Coverage

Prohibited Countries

North Korea - Iran - other sanctioned countries

Compliance Status

IOSCO Membership

Member of International Organization of Securities Commissions

✓ Compliant

FATF Membership

Financial Action Task Force compliance

✓ Compliant

Fund Insurance

Client fund protection schemes available

✓ Compliant

Account Managed Separately

Mandatory client account segregation

✓ Compliant

Regulatory Performance Scores

Detailed assessment of regulatory capabilities and effectiveness

Excellent

97SCORE

Overall Rating

Excellent

Excellence Rate

100

Highest Score

Above Average

Regulatory Support Features

Negative Balance Protection

Supported

Investment Professional

Not Supported

Account Managed Separately

Supported

Core Performance Metrics

Detailed breakdown of the 6 key regulatory performance indicators

License Value

Value and prestige of licenses issued by this regulator

out of 100

Good

Regulatory

Effectiveness of regulatory framework and enforcement

100

out of 100

Excellent

Institutional

Institutional strength and organizational capability

100

out of 100

Excellent

Risk Management

Risk assessment and management protocols

100

out of 100

Excellent

Investment Protection

Investor protection measures and safeguards

100

out of 100

Excellent

Client Fund Insurance Rating

Client fund protection and insurance coverage

100

out of 100

Excellent

Performance Summary

This regulator shows excellent performance with an overall score of 97.

Strongest performance in Regulatory

Transparency Level: high

Global Tier: tier1

IOSCO Member

FATF Member

Overall

Canadian Investment Regulatory Organization

Country

Canada

Jurisdiction

Government Reg.

Established in

2008

Forex Regulation

Overall Rating

Licensed Brokers

High

Transparency Index

Tier 1

Global Tier

IOSCO Member

FATF Member

About Canadian Investment Regulatory Organization

The Canadian Investment Regulatory Organisation (CIRO) is Canada's national self-regulatory body, overseeing all investment dealers, mutual fund dealers, and trading marketplaces for all forms of debt and equity in Canada.

CIRO was formed to address Canada's fragmented investment oversight structure to monitor all areas of investment.

CIRO incorporated the duties of two former regulators - the Investment Industry Regulatory Organisation of Canada (IIROC) and the Mutual Fund Dealers Association of Canada (MFDA).

From its inception, CIRO brought two regulatory obligations and enforcement under one umbrella organisation.

In doing so, CIRO will provide uniform supervision and efficient enforcement, while fulfilling its mission to protect investors, foster confidence in financial markets, and enable the accurate and effective management of Canadians' investments.

One Unified Structure to Regulate

The creation of CIRO represents an essential step in modernising Canada's investment regulatory framework.

The merger of oversight across multiple sectors into a single, distinct, and nationally recognised self-regulatory body will enhance consistency in interpreting rules, prevent duplication of regulatory oversight, and improve the compliance environment for investors and firms alike.

The regulatory coverage of CIRO includes every aspect of the investment industry.

Official Description

Contact Information

Main Site

https://www.ciro.ca/

Live chat

https://www.iiroc.ca/complaint-and-inquiry-submission-secure-form

Phone

1-877-442-4322

Hotline

1-877-442-4322

Email

[email protected]