Market Oversight

Self-regulatory Organizations and Clearing Agencies

Self-regulatory Organizations

A self-regulatory organization (SRO) is an organization that represents its members and is organized for the purpose of regulating the operations, standards of practice, and business conduct of its members and their representatives. The Securities Act (Manitoba) and The Commodity Futures Act (Manitoba) provides the MSC with the power to recognize SROs. The SROs recognized under the authority of The Securities Act (Manitoba) are the Investment Industry Regulatory Organization of Canada (IIROC) and the Mutual Fund Dealers Association of Canada (MFDA). The recognition orders and other documents related to our oversight role can be found at the following links:

Clearing Agencies

A clearing agency provides facilities for buyers and sellers of securities and futures contracts to clear and settle transactions. Under The Securities Act (Manitoba) and The Commodity Futures Act (Manitoba), the MSC has the statutory power to recognize, designate or exempt exchanges. This allows the clearing agency to carry on business in Manitoba and sets out the terms and conditions under which the clearing agencies are regulated.