The Quebec Financial Markets Authority announced that, effective July 4, 2026, the recognition order for the Chambre de l’assurance and consequential amendments to the Canadian Investment Regulatory Organization recognition order will take effect under Law 16. The main change is a reallocation of oversight responsibilities, with mutual fund dealer representatives moving to CIRO and scholarship plan dealer representatives moving to the AMF. The measures are part of Quebec’s broader Law 16 overhaul of financial-sector regulation. Chapter I of the law, which took effect in July 2025, created the Chambre through the merger of the Chambre de la sécurité financière and the Chambre de l’assurance de dommages. The Chambre continues the public protection mission previously carried out by those bodies, while its functions and powers relating to mutual fund dealer representatives and scholarship plan dealer representatives are transferred. The AMF said the recognition framework also strengthens the Chambre’s governance. AMF, Chambre and CIRO staff will continue working together on the transition as the new arrangements take effect on July 4, 2026.
Quebec Autorite des marches financiers2026-07-03
Quebec Financial Markets Authority brings into force July 4 transfer of mutual fund dealer oversight to CIRO and scholarship plan dealer oversight to AMF
The Quebec Financial Markets Authority said that, from July 4, 2026, the Chambre de l’assurance recognition order and related CIRO recognition-order changes will take effect under Law 16. Mutual fund dealer representatives will move to CIRO, while scholarship plan dealer representatives will move to the AMF. The changes complete part of Quebec’s restructuring of financial-sector oversight following the creation of the Chambre.