IIROC Advisor Update - September 8, 2021
From all of us at IIROC, we hope that you had a safe and enjoyable long weekend.  
This week’s Advisor Update features highlights from IIROC’s Annual Report that we released today as well as part two of our market volatility video series.  
Catch up on the latest news below. 
IIROC’s 2020-21 Annual Report 
We released our Annual Report for 2020-21 today, highlighting how we continue to support Canadians by protecting investors and prioritizing industry transformation.
In addition to delivering on our core mandate of investor protection and market integrity, IIROC made considerable progress on fiscal year 2021 priorities in support of our strategic plan. Highlights of the report include: 

  • Effectively managing issues that arise from the COVID-19 pandemic, prioritizing the health and safety of our staff and stakeholders, investor protection and healthy capital markets. 
  • Advancing our various initiatives and commitments related to investor protection. 
  • Supporting industry transformation through the evolution of the self-regulatory model to more effectively and efficiently serve Canadians. 

“Throughout a year punctuated with uncertainty, IIROC has continued to provide regulation without interruption, demonstrating our organization’s strength and resilience,” said Andrew J. Kriegler, IIROC’s President and Chief Executive Officer. “We took significant steps forward to support the evolution of the self-regulatory model and the coming years will see IIROC build on our already strong foundation. Together with the Canadian Securities Administrators and our colleagues at the Mutual Fund Dealers Association of Canada, we will create a new and enhanced self-regulatory organization—one which is more effective and efficient and will better protect investors and support healthy Canadian capital markets.”  

Looking for more? Check out our full Annual Report on iiroc.ca.  
Reminder: Annual and Special Meeting of Members 
IIROC’s Annual and Special Meeting will take place on September 21, 2021 at 4:30 p.m. ET via WebEx.  

The purpose of the meeting is:
  • To consider the financial statements and independent auditor’s report for the financial year ended March 31, 2021. 
  • To elect IIROC board directors. 
  • To appoint a public accountant to conduct an audit engagement. 
  • To approve by special resolution an amendment to By-law No. 1 of the Corporation; and 
  • To discuss other matters of business. 

Meeting materials were mailed to Members on August 20, 2021 and include additional details. 

If you have any questions or require more information with regard to the procedures
for attending the meeting and voting, please contact D.F.King Canada (“D.F. King”),
our proxy solicitation agent, by telephone at 416-682-3825 for direct calls or collect calls outside of Canada and the United States or by e-mail at inquiries@dfking.com
Video Series: How IIROC protects the integrity of capital markets  
Part two: Single Stock Circuit Breakers 

In our last edition, Alex Taylor, IIROC's Vice-President of Market Surveillance, shared his insight into how market thresholds prevent short-term, unexplained trading volatility. This week, Alex shares more about single stock circuit breakers.  

As you know, single stock circuit breakers automatically halt trading on marketplaces and exchanges for five minutes when prices hit predefined levels. The temporary halt gives investors the ability to understand what is happening and make decisions based on market conditions.  

Watch below to learn more about IIROC's regulatory role during the five-minute halt and how our surveillance team determines whether to extend it manually. 
If you missed part one or want to check out the whole series, you can watch it here.  

Don't forget to share this explainer video with your clients to help educate them about market regulation.  
Are you looking for past notices and guidance?

You can find them here
Continuing Education Credits

Did you know that IIROC's webcasts are eligible for continuing education credits? Check out our webcast catalogue.
ePublications is a free and voluntary service. You have received this message based on registration to ePublications.
If you have questions about ePublications, please contact IIROC by email at ePublications@iiroc.ca, or by writing to: ePublications, Investment Industry Regulatory Organization of Canada (IIROC), 121 King Street West, Suite 2000, Toronto, ON M5H 3T9.
IIROC | iiroc.ca