Canada has no shortage of regulations—or regulators. In the securities industry alone, multiple organizations, both government and self-regulatory, share responsibility for overseeing firms and the individuals who work for them. We’ll explore each of these in their relevant sections.
At the highest level, two key bodies shape Canada’s securities framework: the Canadian Securities Administrators (CSA) and the Canadian Investment Regulatory Organization (CIRO). To simplify: think of the CSA as government-driven, and CIRO as industry-driven.