TORONTO, June 26,
2024 /CNW/ - Today, the Canadian Investment
Regulatory Organization (CIRO) released its Fiscal 2025 Annual
Public Priorities.
This year's Annual Priorities build on last year's priorities
and begin the work of CIRO's three-year Strategic Plan released in
April of this year. For the FY25 CIRO is focused on the following
three key areas:
- Integration
- Regulatory Delivery and Operations
- Strategic Objectives
"These priorities build on last year's priorities and from
CIRO's three-year Strategic Plan released earlier of this year,
while advancing the organization in ways that we know are important
to our members, investors and other stakeholders," said
Alexandra William, Senior
Vice-President, Member Regulation and Corporate Strategy. "Our
Annual Priorities provide members and stakeholders with
transparency about CIRO's focus for the next year and how we plan
to respond to transformation in the industry and changes in how
investors and members engage with capital markets and market
participants. A critical component of our strategic planning
process was the consultation conducted with our various
stakeholders. CIRO did extensive work to obtain feedback from
members and other stakeholders on CIRO's current role as a
regulator, what can be done better, and what can be done better
meet the needs of the investor and the industry for the future. All
this work formed the basis of the strategic planning process and
helped us determine this year's priorities."
There were several factors considered when deciding this year's
Annual Priorities, such as:
- Impact to Members, investors and stakeholders
- Size of the impact measured by size of rule changes, new
information or request for comments asked by us
- How the priorities match to the Year 1 integration
priorities
- Balance between regulation delivery and operations, integration
and Strategic Priorities
"CIRO, like all regulators, has a primary responsibility of
delivering regulation efficiently and effectively. The successful
integration over the next couple of years will support the delivery
of our commitments to our members, investors and stakeholders,"
said Williams.
The Annual Public Priorities are in addition to the ongoing
delivery of CIRO's mission to promote healthy capital markets by
regulating fairly and effectively so that our investors feel
protected and confident investing for their futures.
About CIRO
Canadian Investment Regulatory Organization (CIRO) is the
national self-regulatory organization that oversees all investment
dealers, mutual fund dealers and trading activity on Canada's debt and equity marketplaces. CIRO is
carrying on the regulatory functions of the Investment Industry
Regulatory Organization of Canada
and the Mutual Fund Dealers Association of Canada, and is committed to the protection of
investors, providing efficient and consistent regulation, and
building Canadians' trust in financial regulation and the people
managing their investments. For more information,
visit CIRO.ca.
SOURCE Canadian Investment Regulatory Organization (CIRO)