Chapter 3: The Canadian Regulatory Environment

In this section

• 3.1 The Regulators
  • 3.1.1 Overview of Canadian Securities Regulators
    An exploration of the role and structure of Canadian securities regulators, essential for ensuring market integrity and investor protection.
  • 3.1.2 Canadian Securities Administrators (CSA)
    An in-depth exploration of the Canadian Securities Administrators' mandate, major functions, national instruments, and their role in harmonizing regulations across Canada.
  • 3.1.3 Provincial Securities Commissions
    An in-depth examination of provincial securities commissions, their roles, functions, variations in regulations across provinces, and their processes for licensing and oversight.
  • 3.1.4 Self-Regulatory Organizations (SROs)
    An in-depth examination of Self-Regulatory Organizations (SROs) in the Canadian securities industry, including IIROC and MFDA, and their operational authority.
• 3.2 Regulation and Supervision
  • 3.2.1 Principles of Securities Regulation
    An in-depth exploration of the fundamental principles governing securities regulation in Canada, focusing on investor protection, market efficiency, and fairness.
  • 3.2.2 Regulatory Processes
    An in-depth examination of the rule-making, policy development, enforcement, and compliance procedures within the Canadian securities regulatory environment.
  • 3.2.3 Supervision of Market Participants
    An in-depth exploration of the supervisory mechanisms employed to ensure compliance among market participants, focusing on continuous monitoring and a risk-based approach.
  • 3.2.4 Surveillance and Monitoring Practices
    An in-depth look at trade surveillance and automated monitoring tools in the Canadian regulatory framework.
• 3.3 Remediation
  • 3.3.1 Client Complaints and Dispute Resolution
    An in-depth exploration of complaint handling procedures and alternative dispute resolution methods in the Canadian securities industry.
  • 3.3.2 The Ombudsman for Banking Services and Investments (OBSI)
    Examination of the Role and Services Provided by the OBSI, and the Process for Filing Complaints
  • 3.3.3 Investor Compensation Fund
    An in-depth overview of the Investor Compensation Fund's purpose, design, and functioning within the Canadian regulatory framework to safeguard investors.
• 3.4 Ethical Standards in the Financial Services Industry
  • 3.4.1 Codes of Ethics and Professional Conduct
    Industry codes of ethics are crucial in guiding professional conduct and ensuring that financial professionals uphold their obligations to clients.
  • 3.4.2 Conflicts of Interest
    Exploring the identification, disclosure, and mitigation of conflicts of interest within the Canadian financial services industry.
  • 3.4.3 Insider Trading and Market Manipulation
    An in-depth exploration of regulations and strategies to prevent insider trading and market manipulation within Canada's financial markets.
  • 3.4.4 Maintaining Integrity and Trust
    Understanding the importance of ethics in fostering trust and maintaining reputation in the financial services industry.