The Ontario Securities Commission, alongside other participating Canadian Securities Administrators jurisdictions, has delegated certain registration functions and powers to the Canadian Investment Regulatory Organization (CIRO) to streamline and harmonize registration processes for CIRO members. The delegation takes effect on April 1, 2025, and authorizes CIRO to carry out the registration function for firms registered as, or applying for registration as, investment dealers, mutual fund dealers and, in Ontario, futures commission merchants, as well as the individuals acting on their behalf. The delegation applies across Alberta, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island and Yukon. Following the delegation, CSA members indicated they will focus on enhanced oversight of CIRO, regulatory policy development, novel issues arising in applications, and exemptive relief decisions as needed. Québec’s Autorité des marchés financiers expects to publish its delegation order later in April 2025, with an expected effective date of July 1, 2025, while the Financial and Consumer Affairs Authority of Saskatchewan, the Manitoba Securities Commission and the British Columbia Securities Commission may proceed if necessary approvals, delegation orders or rule amendments are obtained.
Ontario Securities Commission 2025-04-01
Ontario Securities Commission delegates dealer and individual registration functions to the Canadian Investment Regulatory Organization
The Ontario Securities Commission and other Canadian Securities Administrators have delegated certain registration functions to the Canadian Investment Regulatory Organization (CIRO) to streamline processes for investment dealers, mutual fund dealers, and futures commission merchants. Effective April 1, 2025, this applies across multiple provinces and territories, with Québec's order expected by July 1, 2025. CSA members will focus on enhanced oversight of CIRO and regulatory policy development.