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:
- Investment Industry Regulatory Organization of Canada Order 7542 - February 25, 2021
- Mutual Fund Dealers Association of Canada - Order 7543 - February 25, 2021
- Memorandum of Understanding regarding Oversight of Investment Regulatory Organization of Canada - April 1, 2021
- Memorandum of Understanding regarding Oversight of The Mutual Fund Dealers Association of Canada - April 1, 2021
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.
- ICE Clear Canada Inc. Revocation Order 7457 - August 13, 2018
- ICE Clear Canada and ICE Futures Canada Recognition Order 5719 - June 16, 2008
- ICE Clear Canada Inc. Order 6878 - February 6, 2014