Canadian Securities Course (CSC) Level 1 Practice Exam

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Who is tasked with monitoring Self Regulatory Organizations (SROs) in Canada?

Canadian Securities Administration (CSA)
Office of the Superintendent of Financial Institutions (OSFI)
Investment Industry Regulatory Organization of Canada (IIROC)
Mutual Fund Dealers Association (MFDA)

The correct answer is: Canadian Securities Administration (CSA)

The correct answer is A. Canadian Securities Administration (CSA). The CSA is responsible for monitoring Self Regulatory Organizations (SROs) in Canada. SROs, such as the Investment Industry Regulatory Organization of Canada (IIROC) and the Mutual Fund Dealers Association (MFDA), have the mandate to oversee and regulate their respective member firms and market participants. However, the ultimate oversight and monitoring of these SROs are conducted by the Canadian Securities Administration (CSA).