As regulators continue to grapple with the emergence of crypto asset trading, the Investment Industry Regulatory Organization of Canada (IIROC) is seeking new members for its crypto consultation group.
IIROC issued a call for volunteers to participate in its Crypto-Asset Working Group (CWG), which provides advice to the self-regulatory organization on any proposed rules and guidance dealing with the regulation of crypto assets.
In a notice, IIROC said that the group will review regulatory proposals and make recommendations to the SRO to ensure that any regulatory initiatives properly deal with the market integrity and investor protection concerns in the crypto space, while also remaining practical and cost effective.
“As we work with the Canadian Securities Administrators in developing a regulatory framework for crypto-asset trading platforms, this working group will assist IIROC with advice on proposed IIROC rules, guidance and other policy matters,” IIROC said.
In particular, the SRO is looking for a participant with experience trading crypto, a representative for crypto investors and an expert in legal/compliance issues in the crypto realm.
IIROC is also seeking an independent member that isn’t affiliated with a dealer, but has crypto expertise.
The deadline for applications is Jan. 15, 2021.