The Investment Industry Regulatory Organization of Canada (IIROC) and the Financial Services Commission of Ontario (FSCO) have signed an agreement to share information about their disciplinary decisions and sanctions.
IIROC and FSCO announced March 30 that they had signed a memorandum of understanding (MOU). Should there be a disciplinary decision or action taken by one regulator, it will now trigger a review of the sanctioned individual’s activities by the other regulator, which will consider whether or not the individual in question is suitable for approval, licensing, or registration.
ANDREW RICKARD – Insurance Journal – March 31, 2016.
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