Canadian Securities Course (CSC) Level 1 Practice Exam

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What distinguishes a Self Regulatory Organization (SRO) in Canada?

  1. Operates as a public entity

  2. Controls interest rates

  3. Regulates its own members under provincial supervision

  4. IPO offerings

The correct answer is: Regulates its own members under provincial supervision

A Self Regulatory Organization (SRO) in Canada distinguishes itself by regulating its own members under provincial supervision. This means that SROs are entities that have been granted the authority to create and enforce rules and regulations for their members, such as investment dealers and mutual fund dealers. This system helps ensure that industry participants adhere to high standards of conduct and ethics, ultimately aiming to protect investors and maintain the integrity of the financial markets.

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