CIRO Rule Consolidation Phase 3 addresses multiple areas for Capital Market and Wealth business lines as follows:
- Compliance & Supervision
- Enforcement
- Operations
IIAC Recommendations Accepted To Date: CIRO has accepted the IIAC’s recommendations for the process and implementation of revised CIRO Rules. The IIAC recommended that once the initial publication of the five phases is complete, all rules be republished for review and comment and that they be implemented together rather than in phases.
Additional IIAC Recommendations for CIRO Phase 3: The IIAC’s additional recommendations for CIRO Phase 3 are aimed at:
- Decreasing administration
- Eliminating duplication
- Providing focus and objectivity
- Saving costs.
See IIAC Impact Summary of CIRO Rule Consolidation Phase 3 with select highlights of IIAC recommendations.
See full IIAC recommendations ici.