Canadian Securities Course (CSC) Practice Exam 2025 – The Comprehensive All-in-One Guide to Exam Success!

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Question: 1 / 400

What is the function of the IIROC in Canada?

Regulate the mutual fund industry

Oversee insurance companies

Set and enforce rules for dealer firms

The function of the IIROC (Investment Industry Regulatory Organization of Canada) is to set and enforce rules for dealer firms. This includes conducting compliance reviews, conducting investigations into misconduct, and taking enforcement actions against firms or individuals who do not comply with the rules. Option A is incorrect because the Mutual Fund Dealers Association of Canada (MFDA) is responsible for regulating the mutual fund industry. Option B is incorrect because insurance companies fall under the jurisdiction of provincial insurance regulators. Option D is incorrect because deposit insurance is provided by the Canada Deposit Insurance Corporation (CDIC). Therefore, the IIROC specifically focuses on regulating the conduct and business practices of dealer firms in the investment industry.

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Provide deposit insurance

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