BC replaced the IIROC-named registration instrument with an updated version naming CIRO

Plain-language summary · AI-assisted

The old BC Instrument 22-502, which named the Investment Industry Regulatory Organization of Canada (IIROC) as the body handling securities registration, has been repealed and replaced with a new version of the same instrument that substitutes the Canadian Investment Regulatory Organization (CIRO) throughout. The practical rules are unchanged: CIRO remains authorized to process registration applications, renewals, reinstatements, and amendments for investment dealers, mutual fund dealers, and their dealing representatives, chief compliance officers, and ultimate designated persons. Registration-related notices and information submissions that previously went to IIROC now formally go to CIRO under the updated instrument. Firms and individuals in those registration categories should ensure their internal procedures and forms reference CIRO rather than IIROC.

Who this affects
investment dealers · mutual fund dealers · dealing representatives of investment or mutual fund dealers · chief compliance officers of investment or mutual fund dealers · ultimate designated persons of investment or mutual fund dealers