History
IIROC was formed on June 1, 2008 through the merger of the Investment Dealers Association of Canada (IDA) and Market Regulation Services Inc. (RS).
The Bond Dealers Section of the Toronto Board of Trade was formed in 1916 as a trade organization to coordinate financing of Canada's war effort. It was renamed the Investment Dealers Association of Canada in 1934. Throughout most of its history, the IDA serve both as a regulator and as an advocacy organization for the securities dealers. In 2006, IDA narrowed its focus to regulation and transferred its industry association role to a new separate and independent industry association, the Investment Industry Association of Canada.
Market Regulation Services Inc. was formed in 2008 in response to the implementation of National Instruments 21-101 Marketplace Operation and 23-101 Trading Rules, which require an independent regulation services provider to regulate trading in all Canadian marketplaces, including the TSX.
Read more about this topic: Investment Industry Regulatory Organization Of Canada
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