In April 2023, members of the New Self-Regulatory Organization of Canada (New SRO) approved the new name of the organization to Canadian Investment Regulatory Organization (CIRO). This change of name is a significant step forward in the amalgamation of the two, previously separate, regulatory organizations the Mutual Fund Dealers Association of Canada (MFDA) and the Investment Industry Regulatory Organization of Canada (IIROC). On June 1, 2023, CIRO executives and employees opened the Toronto markets to commemorate the occasion.