loudspeaker
123RF

The Investment Industry Regulatory Organization of Canada (IIROC) is seeking volunteers to serve on its district councils.

In a notice, the industry self-regulatory organization (SRO) called for firms to nominate candidates for its various district councils, which help provide input to the SRO from different regions of the country.

“Each district council acts as a local committee, whose mandate includes both a regulatory role, in relation to regional approval and membership matters, and an advisory role with respect to regional issues, as well as the provision of regional perspective on national issues,” IIROC noted.

Among other things, the district councils help identify candidates for hearing committees, which are then used to establish the hearing panels that preside over disciplinary hearings.

“The district councils provide an important opportunity to participate in the self-regulatory process of the securities industry,” the notice said.

Nominations are due by March 12.