October 5, 2022 (Toronto, Ontario) – In anticipation of the establishment of the New Self-Regulatory Organization (New SRO), the Investment Industry Regulatory Organization of Canada (IIROC) and the Mutual Fund Dealers Association of Canada (MFDA) are seeking members for the inaugural New SRO Investor Advisory Panel.
The New SRO Investor Advisory Panel will be an independent advisory panel to New SRO staff and is expected to begin meetings in 2023. Members will be appointed for a minimum of two-year terms. Some members may be appointed for a three-year term in order to stagger the turnover in the panel composition in subsequent years. Further information is set out in the New SRO IAP Terms of Reference and New SRO IAP FAQ.
We are looking to assemble a unique and diverse panel of experts in investor issues from across Canada who will play an important role in the development of regulatory policy and to advise New SRO staff on annual priorities, strategic plans, and other regulatory initiatives.,
Who should apply?
In selecting the members of the New SRO Investor Advisory Panel, we will take into consideration the candidate’s relevant expertise, skills and experience on matters of investor protection, concerns, issues and/or rights. We would like to achieve a membership with diverse experiences, perspectives, backgrounds, knowledge, and geographic representation.
When submitting your application, please include:
- experience with investor issues as it relates to your previous and/or existing role(s) (e.g., academic, investor/consumer advocate, public policy, retired industry members, etc.)
- experience with investor issues as it relates to specific products and/or business models
- any relevant regulatory experience
- specific skills or experience relating to investor issues or specific investor groups (e.g., legal, research, underserved investors, vulnerable investors, etc.)
- details regarding any existing or potential, actual or perceived conflicts of interest between your private interests and your potential future responsibilities as a member of the New SRO Investor Advisory Panel.
We also welcome and encourage applicants to self-identify if they belong to historically underrepresented and/or marginalized groups including those who identify as women or non-binary/gender non-conforming, Indigenous Peoples, persons with disabilities (visible or invisible) and, members of visible minorities, racialized groups and the 2SLGBTQ+ community. While this information will be helpful to us in trying to achieve diversity of representation on the New SRO Investor Advisory Panel, it is completely voluntary.
The selection process for members of the inaugural New SRO Investor Advisory Panel will be jointly administered by staff of the MFDA and IIROC.
The New SRO Board of Directors’ Governance Committee will not formally be in place to select the inaugural members of the New SRO Investor Advisory Panel. Accordingly, we will establish a process that preserves the principle of independent selection of the New SRO Investor Advisory Panel.
Where to send in applications
Interested parties are invited to submit their resume, indicating their relevant skills and experience, by November 7, 2022. Applications should be sent by email to: [email protected].
Please direct any questions or inquiries you may have to:
Director, Communications and Public Affairs & Senior Legal Counsel
The MFDA is the self-regulatory organization for Canadian mutual fund dealers, regulating the operations, standards of practice and business conduct of its Members and their approximately 76,695 Approved Persons with a mandate to protect investors and the public interest. For more information about the MFDA’s complaint and enforcement processes, as well as links to ‘Check an Advisor’ and other Investor Tools, visit the For Investors page on the MFDA website.
IIROC is the pan-Canadian self-regulatory organization that oversees all investment dealers and their trading activity in Canada’s debt and equity markets. IIROC sets high quality regulatory and investment industry standards, protects investors and strengthens market integrity while supporting healthy Canadian capital markets. IIROC carries out its regulatory responsibilities through setting and enforcing rules regarding the proficiency, business and financial conduct of 174 Canadian investment dealer firms of varying sizes and business models, and their more than 31,000 registered employees. IIROC also sets and enforces market integrity rules regarding trading activity on Canadian debt and equity marketplaces. For more information, visit www.iiroc.ca.