CIRO’s handful of proposals: Phase 5 of the rule consolidation project
On March 27, 2025, the Canadian Investment Regulatory Organization (CIRO) published for comment Phase 5 of its Rule Consolidation Project (the Proposals) relating to the consolidation of the two sets of rules currently applicable to investment dealers (IDPC Rules) and mutual fund dealers (MFD Rules) into one. Our assessment is that the Proposals – which address significant differences between the IDPC Rules and MFD Rules that could have potential material impacts…

