Canadian Investment Regulatory Organization
The Canadian Investment Regulatory Organization is a non-profit, national self-regulatory organization. Established through the merger of the Investment Industry Regulatory Organization of Canada and Mutual Fund Dealers Association on January 1, 2023, CIRO oversees all investment dealers, mutual funds and trading activity on debt and equity markets in Canada.
The organization sets regulatory and investment industry standards and has quasi-judicial powers in that it holds enforcement hearings and has the power to suspend, fine and expel members and their representatives.
History
CIRO was formed on January 1, 2023, through the merger of the Investment Industry Regulatory Organization of Canada and Mutual Fund Dealers Association as the New Self-Regulatory Organization of Canada.On April 24, 2023, the name of the Canadian Investment Regulatory Organization was approved by its members.
Management
Andrew J. Kriegler is the president and chief executive officer of CIRO since January 1, 2023, after having served on the same position in IIROC since 2014.Tim Hodgson is a corporate director and chair of CIRO since January 1, 2023.