Notice of Delegation – Canadian Investment Regulatory Organization (CIRO)

On March 5, 2025, the Chief Executive Officer of the Commission, with the approval of the Commission, delegated certain powers and duties of the Director under Part XI of the Securities Act (Ontario) (OSA) and Part VIII of the Commodity Futures Act (Ontario) (CFA), and the regulations related to that Part, to the Canadian Investment Regulatory Organization (CIRO). In addition to the delegated powers and duties of the Director, the Commission also delegated to CIRO the powers and duties of the Commission under section 24 of the CFA (Delegation).

The Delegation authorizes CIRO to undertake the registration function for firms registered as, or applying for registration as, investment dealers, mutual fund dealers, and futures commission merchants, and the individuals who act on their behalf. The Commission retains concurrent authority for the delegated powers and duties and CIRO’s performance of the delegated powers and duties will be subject to an enhanced risk-based framework of ongoing oversight by the Commission.

The Delegation takes effect on April 1, 2025, and is published on the Commission’s website.

The Delegation also revokes the assignment of certain powers and duties of the Director to the Investment Industry Regulatory Organization of Canada, a predecessor organization to CIRO, dated September 22, 2009.