SRO Members

Investment Dealers and Mutual Fund Dealers

A firm registered as an investment dealer or a mutual fund dealer is required to be a member of a self-regulatory organization (SRO). There are certain requirements that SRO firms and dealing representatives are exempt from, as SROs have their own rules pertaining to these areas. These exemptions are detailed in NI 31-103. Registrants should refer to either IIROC or MFDA to determine which SRO rules are applicable.

Firms Registered in Multiple Categories

In general, a firm carrying on more than one type of activity requiring registration must register in each applicable category. The firm will have to comply with the requirements of all categories in which it is registered.

If a firm is registered in multiple categories, it must meet the most stringent requirements of the firm's categories of registration. If the firm is a member of a SRO and is also registered in multiple categories, both SRO and MSC financial reporting requirements may apply. IIROC and MFDA members should refer to the applicable SRO rules to determine the financial reporting requirements that apply to them.

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