Canadian Securities Course (CSC) Level 1 Practice Exam

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Which two organizations in Canada are classified as Self Regulatory Organizations (SROs)?

  1. Canadian securities exchange and NEO Exchange

  2. Montreal Exchange and IIROC

  3. IIROC and MFDA

  4. TSX.V and CanDeal

The correct answer is: IIROC and MFDA

IIROC (Investment Industry Regulatory Organization of Canada) and MFDA (Mutual Fund Dealers Association) are the two organizations classified as Self Regulatory Organizations (SROs) in Canada. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada. On the other hand, the MFDA is responsible for overseeing mutual fund dealers in Canada. Both IIROC and the MFDA play crucial roles in regulating the investment industry to ensure investor protection and market integrity. The other options provided are not SROs. The Montreal Exchange is a derivatives exchange, TSX.V (TSX Venture Exchange) is a stock exchange for junior companies, Canadian Securities Exchange is another stock exchange, NEO Exchange is a stock exchange known for emerging companies, and CanDeal is a financial technology company specializing in electronic trading for the institutional market.

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