CIRO has scheduled the next biennial industry business continuity planning (BCP) trading simulation test for Saturday October 25, 2025. CIRO staff will contact all participant dealers in April 2025 to confirm their required level of participation in the 2025 industry BCP test.

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The Investment Funds Institute of Canada, (IFIC) is starting a new chapter of its story with a new name. Effective immediately, IFIC has its name to the Securities and Investment Management Association, (SIMA) reflecting an expanded mandate as the leading voice for capital markets participants and investment and mutual fund dealers.

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Members of CIRO Regional Councils invite Dealer Members to nominate candidates for election to the Regional Councils in each Region annually, where the Dealer Member has offices. Please submit completed Nomination forms along with the individual’s resume, no later than April 14, 2025.

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IIROC has developed a cybersecurity self-assessment tool (self-assessment tool) primarily for small and medium- sized dealer members. The purpose of the self-assessment tool is to help dealer members assess their own cybersecurity preparedness and identify areas of strength and weakness, based on their information security practices.

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The Alberta Securities Commission (ASC) and the Financial Consumer Services Commission of New Brunswick (FCSCNB) have issued investor alerts against a suspected crypto investment scam called “CanCap.” The allegedly fraudulent firm is not related to privately-owned Canadian financial services company CanCap Group.

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The Ontario Securities Commission (OSC) announced that it has delegated the registration function for firms registered as investment dealers, mutual fund dealers and futures commission merchants, and the individuals who act on their behalf, to the to the Canadian Investment Regulatory Organization (CIRO), effective April 1, 2025.

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FP Canada is announced a partnership with Aviso, a leading wealth services supplier, growing its continuing education (CE) business. Course accreditation fees for other CE providers will be raised. Some education providers say the result will be less choice and educational gaps.

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The Investment Funds Institute of Canada’s (IFSE) educational arm, the IFSE Institute, will shut down on June 30, 2025. Students taking courses for mutual fund or exempt market proficiency, can register in equivalent courses with the Canadian Securities Institute. IFSE students in the life license qualification program (LLQP) will be transferred to SeeWhy Financial Learning Inc.

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CIRO’s Dealer Rules, require dealers to provide CIRO with written notice, prior to any material changes to their business activities. A webcast outlining these tools and their benefits will also be made available soon.

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The Office of the Superintendent of Financial Institutions (OSFI) released final guidance that sets out its approach to the treatment of banks’ crypto holdings in terms of both regulatory capital and liquidity requirements. The new guidance on crypto disclosure becomes effective in the first quarter of 2026.

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