A key component of an effective self-regulatory organization is the development of rules and guidance with advisory committee involvement. New Self-Regulatory Organization of Canada (New SRO) coordinates the rule and guidance development process in consultation with the appropriate advisory committees.
The advisory committees also provide a forum for investment dealers, mutual fund dealers, exchanges and alternative trading systems to share experiences, information and ideas, to monitor industry trends, technology developments, and proposed legislation that may affect them.
National Advisory Committee
NAC is an advisory body which serves as a forum for representatives for the Regional Councils to raise and discuss matters of interest and provide input on policy initiatives.
Conduct, Compliance and Legal Advisory Section (CCLS)
The CCLS advises on the development of rules and policies on business conduct, enforcement, and registration related matters affecting investment dealers. And, it provides a forum for the exchange of information on complying with New SRO and other requirements that relate to business conduct, enforcement, and registration related matters.
The Proficiency Committee advises on matters relating to proficiency policy and operations. This includes matters relating to licensing standards, and training and continuing education. Committee members participate in working groups to assist in New SRO’s oversight of its proficiency course provider.
Financial and Operations Advisory Section (FOAS)
The FOAS advises on the development of rules and policies on financial and operational related matters affecting investment dealers, and, it provides a forum for the exchange of information on complying with New SRO and other requirements that relate to financial and operational related matters.
Fixed Income Advisory Committee
The Fixed Income Committee reviews and makes recommendations to New SRO staff about proposed New SRO initiatives relating to fixed income.
Market Rules Advisory Committee (MRAC)
MRAC reviews and makes recommendations to New SRO regarding policy initiatives related to the trading of securities.
Policy Advisory Committee (PAC)
The Policy Advisory Committee (PAC) is comprised of officers and senior employees of the New SRO Mutual Fund Dealer Members. The PAC provides advice, comments and reports to the New SRO on a variety of matters including regulatory and policy initiatives and industry trends and practices.