National Supervisory Authority & Licensing Qualification Dossier • Asia-Pacific
IIROC
Global JurisdictionInvestment Industry Regulatory Organization of Canada
Source / Native Reference: 加拿大投资监管组织
- Supervisory tier
- Tier-2
- License classes
- 2
- Licensed records
- 8
- Active / regulated
- 8
Statutory Supervisory Mandate & Scope
Investment Industry Regulatory Organization of Canada (IIROC) authorises and supervises securities broker-dealers, derivatives intermediaries, asset managers, collective investment schemes, and market infrastructure in Global Jurisdiction.
Prudential Tier Assessment
Tier-2Tier-2 national capital markets, securities, and derivatives supervisory authority in Global Jurisdiction, IOSCO member standards-aligned.
National licensing qualifications & statutory authorisation classes (IIROC)
Authorisation categories, permitted institutional and retail activities, minimum initial capital adequacy, and ongoing prudential solvency rules enforced by IIROC in Global Jurisdiction.
| License class / code | Official designation | Permitted institutional & retail activities | Minimum initial / base capital | Ongoing prudential & solvency rule |
|---|---|---|---|---|
| Category 1 / Principal Broker-Dealer | Full-Scope Securities & Derivatives Dealer (Market Maker / Principal) | Dealing as principal or market maker in securities, FX, CFDs, futures, options, and underwriting. | USD $150,000 – $500,000 equivalent minimum paid-up capital | Risk-weighted capital adequacy + minimum liquid capital buffer ≥ 25% of annual fixed overheads. |
| Category 2 / Agency Broker & Asset Manager | Securities Brokerage (Agency / STP) & Discretionary Portfolio Management Licence | Order execution, reception and transmission of client orders, discretionary portfolio management, and investment advisory. | USD $75,000 – $150,000 equivalent minimum paid-up capital | Strict client money segregation, best-execution monitoring, and quarterly regulatory financial returns. |
Investor compensation, client money segregation & digital-asset regime
Statutory counterparty protections, custody reconciliation mandates, and virtual-asset licensing status under IIROC.
National Investor Protection / Compensation Scheme (Global Jurisdiction)
- Maximum coverage per client
- Subject to statutory national investor protection fund limits and segregated trust priority
- Eligible counterparties & scope
- Retail clients of licensed securities and investment brokerage firms.
IIROC Client Money & Safe Custody Segregation Rules
- Reconciliation & audit cadence
- Daily reconciliation of segregated client trust bank accounts against client trading ledger balances.
- Approved custodian requirements
- Client funds and securities must be held in bankruptcy-remote statutory trust accounts at licensed commercial banks or central securities depositories.
IIROC Digital Asset / Tokenized Securities & VASP Regulatory Framework
- Travel Rule, custody & stablecoin rules
- FATF Recommendation 16 Travel Rule enforcement and institutional qualified custody standards.
Primary Governing Statutes & Rulebooks
- Securities and Capital Markets Act of Global Jurisdiction
- IIROC Licensing, Prudential Capital Adequacy & Conduct of Business Rules
- Client Money & Custody Asset Segregation Regulations (Global Jurisdiction)
- IOSCO Principles of Securities Regulation & National AML/CFT Rulebook
Regulatory Reporting & Audit Obligations
Quarterly capital adequacy returns and annual IFRS audited financial statements submitted to IIROCAnnual independent auditor attestation on Client Money and Safe Custody complianceTransaction reporting, market abuse surveillance (MAR), and AML/CFT suspicious activity reporting
Cross-Border Equivalence & Passporting
Operates under Global Jurisdiction national jurisdiction and IOSCO MMoU cross-border supervisory cooperation.
Supervised institutions & IIROC licence records in our database
8 licence records referencing IIROC (8 regulated/registered).
| Institution | Licence number | Status | Licensed legal entity | Effective date | Verification |
|---|---|---|---|---|---|
| OANDA(Global network record) | Not supplied | Regulated | OANDA (Canada) Corporation ULC | — | |
| IB(Global network record) | Not supplied | Regulated | Interactive Brokers Canada Inc. | — | |
| CMCMarkets(Global network record) | Not supplied | Regulated | CMC Markets Canada Inc. | — | |
| Fortrade(Global network record) | Not supplied | Regulated | Fortrade Canada Limited | — | |
| Questrade(Global network record) | Not supplied | Regulated | Questrade Inc. | -- | |
| TradeZero(Global network record) | Not supplied | Regulated | TradeZero Canada Securities ULC | 2020 | |
| Coinsquare(Global network record) | Not supplied | Regulated | COINSQUARE CAPITAL MARKETS LTD | 2022-10-12 | |
| Friedberg Direct(Global network record) | 1310 | Regulated | Friedberg Mercantile Group Ltd. | -- |
IIROC (Global Jurisdiction): institutional licensing & due diligence FAQ
Key statutory capital, compensation, custody segregation, and verification answers for compliance teams.
What are the primary licensing classes and minimum capital requirements under IIROC (Global Jurisdiction)?
IIROC (Investment Industry Regulatory Organization of Canada) supervises financial institutions in Global Jurisdiction under Securities and Capital Markets Act of Global Jurisdiction and IIROC Licensing, Prudential Capital Adequacy & Conduct of Business Rules. Key statutory authorisation classes include: Category 1 / Principal Broker-Dealer (Full-Scope Securities & Derivatives Dealer (Market Maker / Principal) — min. capital: USD $150,000 – $500,000 equivalent minimum paid-up capital); Category 2 / Agency Broker & Asset Manager (Securities Brokerage (Agency / STP) & Discretionary Portfolio Management Licence — min. capital: USD $75,000 – $150,000 equivalent minimum paid-up capital). Ongoing prudential supervision requires strict adherence to capital adequacy and liquidity buffers.
Does IIROC provide statutory investor compensation and mandatory client asset segregation?
Under IIROC's framework, investor protection is governed by National Investor Protection / Compensation Scheme (Global Jurisdiction) with maximum coverage of Subject to statutory national investor protection fund limits and segregated trust priority (Retail clients of licensed securities and investment brokerage firms.). For client money and custody assets, supervised firms must comply with IIROC Client Money & Safe Custody Segregation Rules, performing daily reconciliation of segregated client trust bank accounts against client trading ledger balances. with client funds and securities must be held in bankruptcy-remote statutory trust accounts at licensed commercial banks or central securities depositories..
How does IIROC regulate digital assets, crypto exchanges (VASPs/CASPs), and stablecoins?
IIROC's digital-asset regime is structured around IIROC Digital Asset / Tokenized Securities & VASP Regulatory Framework (Regulates security tokens, crypto derivatives, and licensed digital asset intermediaries in Global Jurisdiction.). Custody and AML/CFT compliance obligations require: FATF Recommendation 16 Travel Rule enforcement and institutional qualified custody standards.
How can I verify an institution's IIROC licence number and check our 8 recorded licence entries?
Our database currently tracks 8 licence records referencing IIROC (8 marked regulated or registered). To verify a counterparty at the primary source, open IIROC's official public register (https://www.iiroc.ca/), search by the exact reference number and legal entity name, and confirm that the firm's domain and permitted activities match its statutory authorisation.
Related regulatory & market structure briefings
Research and compliance analysis from Americas Firm Ledger relevant to IIROC and Global Jurisdiction.
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Statutory licensing classes, base capital rules, and investor protection summaries for IIROC (Global Jurisdiction) are maintained for institutional benchmarking and do not constitute legal advice. Always verify current rulebooks and active firm authorisations directly on IIROC’s official public register.