The Canadian Investment Regulatory Organization (CIRO) published an update on its project to develop rule amendments that would allow an incorporated advisor compensation option, as part of its broader integration work to harmonize allowable compensation approaches for investment dealer and mutual fund dealer advisors. CIRO is leading the development of the harmonized approach, with the Canadian Securities Administrators continuing to monitor the work through its oversight activities. The update outlines features of the proposal currently being developed, discusses a submission CIRO staff filed with the Canada Revenue Agency for consideration and response, and sets out CIRO’s next steps for progressing the rule amendments.
Canadian Investment Regulatory Organization 2025-10-29
Canadian Investment Regulatory Organization updates on proposed rules to introduce an incorporated advisor compensation option
The Canadian Investment Regulatory Organization (CIRO) updated its project to develop rule amendments for an incorporated advisor compensation option, aiming to harmonize compensation for investment dealer and mutual fund dealer advisors. CIRO is leading this initiative, overseen by the Canadian Securities Administrators. The update includes proposal features, a submission to the Canada Revenue Agency, and CIRO's next steps.