Self-regulatory organizations | Page 31 of 34

IIROC sets date for annual meeting

Members to elect directors on Sept. 10

Association says the current structure of the self-regulatory model is widely viewed to be outdated and in need of reform

SRO considers dropping sections that give district councils the power to suspend or terminate a dealer

In its 2011-2012 annual report, the self-regulatory organization notes that some other fees will decrease

Agreement will facilitate the exchange of information, and support collaboration on investigations

Costs from a new self-regulatory organization for investment advisors could force many small firms to close

Limited oversight of compensation and governance issues

A case underway before the MFDA shows how the divvying up of regulation may compromise investors

The changes are being put forward in response to the provincial securities regulators’ registration reform rules

Only about 50% of sanctions ever collected