Notice of Minister of Finance Approval – MOU Regarding Oversight of Investment Industry Regulatory Organization of Canada (IIROC)

On July 24, 2008, the Minister of Finance approved the Memorandum of Understanding (MOU) regarding the oversight of the Investment Industry Regulatory Organization of Canada (IIROC). The MOU comes into effect on September 1, 2008 in Ontario. The MOU supersedes (a) the letter agreement dated June 5, 2001 between the Investment Dealers Association of Canada (the IDA) and the recognizing regulators of the IDA regarding the coordination of oversight and (b) the memorandum of understanding dated May 1, 2002 on coordinating the oversight of Market Regulation Services Inc. (RS) among the recognizing regulators of RS. The MOU was published in the Bulletin on May 30, 2008 at (2008) 31 OSCB 5630.