Wednesday September 23 2015
News Source: Global Exchanges
Focus: Stock Exchange Regulation
Type: General
Country: Canada
Link: http://docs.iiroc.ca/DisplayDocument.aspx?DocumentID=B35C90C412E947D89FD65191C7D2D302&Language=en
The Investment Industry Regulatory Organization of Canada (IIROC) has announced a new proficiency assurance model designed to ensure the highest level of professionalism among those licensed by IIROC.
This new model is the result of extensive consultations and an in-depth review and analysis that IIROC undertook of its existing model and alternatives, focused on determining how to best serve the public interest, IIROC’s regulatory requirements and the evolving needs of the industry.
The new model envisages selection of a single service provider of IIROC mandated courses and examinations through a transparent and competitive procurement process. As part of the transition under the new model, IIROC has negotiated a five year contract with the Canadian Securities Institute (CSI).
The new model will take effect in January 2016.
Click on the link above for further details.