Committees
A key role of IIAC is to lead the development of Committees to identify and advocate for industry and market improvements.
These working Committees are comprised of representatives from IIAC's membership.
To learn about serving as an IIAC committee member, please click here.
All member firms are encouraged to appoint a representative to relevant committees so that they may make their point of view heard, and participate in the development and advancement of industry priorities.
To request more information or to join one of the committees listed below, please e-mail PublicAffairs_AffairesPubliques@iiac.ca.Communications and Member Services Committee
The Communications and Member Relations Committee's mandate is to further the growth and development of the Canadian investment industry by reviewing and sharing communications best practices. The Committee addresses topics that include the communication of industry issues relating to IIAC activities and industry news, how information is communicated, and the effectiveness of the communications.
Meeting frequency: 4 times per year
IIAC Contacts:
Compliance Committee
The Compliance Committee reviews the formulation of rules and policies governing industry practices and standards and undertakes studies on matters relating to client dealings and compliance. The Committee also monitors and comments on regulatory and legislative proposals relating to compliance and supervisory systems. The Committee provides a forum for the exchange of best practices and discusses issues of common concern. It provides a catalyst for the creation of business tools to help members comply with regulation cost-effectively. In addition, the Committee suggests topics for educational programs and seminars.
Meeting frequency: 3-6 times per year
Chair: Brian Smallhorn, Morgan Stanley Canada Limited
IIAC Contacts:
- Michelle Alexander (Tel: 416-687-5471, email: malexander@iiac.ca)
- Susan Copland (Tel: 604-637-1677, email: scopland@iiac.ca)
Debt Markets Committee
The Debt Markets Committee represents the securities industry position on policy and regulatory proposals related to activity in primary and secondary debt markets. The Committee acts on behalf of the securities industry in representations to authorities on matters including transparency and market regulation. The Committee participates with other foreign organizations to share conventions for dealing in international debt markets.
Meeting frequency: As required
IIAC Contact: Jack Rando (Tel: 416-687-5477, email: jrando@iiac.ca)
Derivatives Committee
The Derivatives Committee (DC) represents the views and interest of the IIAC’s members in the derivatives markets. The DC will:
- Provide input and assistance to, and engage in dialogue with, domestic and international regulators, SROs and governments on policies and regulations affecting the derivatives markets and participant business practices;
- Be the primary vehicle to share ideas and concerns on various industry issues;
- Serve a forum for derivatives market participants to explore operational efficiencies that will benefit markets , investors and participants; and
- Identify measures to enhance industry reputation and profile, including helping build a better understanding of derivatives and their uses.
Chair: Stéphane Rozier, Macquarie Group
IIAC Contact: Richard Morin (Tel: 514-843-8950, email: rmorin@iiac.ca)
Equity Markets Committee
The Committee represents the securities industry on proposed provincial legislation and regulations governing market-making and trading in secondary equity markets, and market structure. The mandate of the Committee is to develop and articulate policies that relate to transactional activity and structural change in domestic markets and that contribute to efficient, competitive and well-functioning markets.
Meeting frequency: As required
Chair: Greg Mills, RBC Capital Markets
IIAC Contact: Susan Copland (Tel: 604-637-1677, email: scopland@iiac.ca)
Insurance Committee
The Insurance Committee provides firms an opportunity to discuss issues of interest and a venue for discussion on policy issues pertaining to the retail insurance business. Topics include referral fees, continuing education for insurance registrants, and estate planning issues.
Meeting frequency: Monthly (or as decided by the Chair, with Committee agreement)
Chair: Joane Bourdeau, National Bank Insurance Firm
IIAC Contact: Michelle Alexander (Tel: 416-687-5471, email: malexander@iiac.ca)
Investment Banking Committee
The Investment Banking Committee develops and represents the securities industry position on provincial securities legislation and regulations related to the primary markets, including disclosure of corporate finance transactions and restructurings, such as going-private transactions.
Meeting frequency: As required
Chair: James Barltrop, Scotia Capital Markets
IIAC Contact: Susan Copland (Tel: 604-637-1677, email: scopland@iiac.ca)
Ombudsman for Banking Services and Investments (OBSI) Committee
The OBSI Committee meets regularly with the Ombudsman and staff to discuss issues and prospective changes in OBSI’s operations and governance. The Committee regularly works with the Canadian Bankers Association (CBA) and the Investment Funds Institute of Canada (IFIC) to submit industry position papers relating to matters on the OBSI Board agenda, prior to each OBSI Board meeting, and responds to requests for comments issued by OBSI or other regulators in relation to dispute resolution.
Meeting frequency: 8 Pre-and Post – OBSI Board Briefings per year, and on an as needed basis depending on issues arising (generally 4 times per year).
IIAC Contact:
Susan Copland (Tel: 604-637-1677, email: scopland@iiac.ca)
Private Client Committee
The Private Client Committee provides members with advice and advocacy on policy issues pertaining to the retail business of the securities industry. Such policy issues include the review and consideration of the impact of regulation and trends on retail business activities. The Private Client Committee also focuses on investor confidence and measures to enhance industry reputation and profile.
Meeting frequency: 9 times per year
Chair: Craig Hayman, Edward Jones
IIAC Contact: Michelle Alexander (Tel: 416-687-5471, email: malexander@iiac.ca)
Regional Committees
Regional Committees are the primary means to exchange ideas on issues and to provide input on policy matters of both regional and national spectrum, including securities legislation; regulatory, capital markets and government policy initiatives; and business practice issues.
Meeting frequency: Quarterly or as agreed to with Committee and Chair.
Regional Chairs:
- British Columbia – Don Cromar, PI Financial
- Alberta – Chandra Henry, FirstEnergy
- Manitoba - Michelle Bradet-Simpson, Richardson GMP
- Québec – Marc-Andre Lacaille, BMO Nesbitt Burns Ltée
- Atlantic - Mary Jacobs, TD Waterhouse Canada Inc.
- British Columbia, Alberta, Manitoba: Susan Copland (Tel: 604-637-1677, email: scopland@iiac.ca)
- Québec: Richard Morin (Tel: 514-843-8950, email: rmorin@iiac.ca)
- Atlantic Canada: Michelle Alexander (Tel: 416-687-5471, email: malexander@iiac.ca)
Registered Plans Committee
The Registered Plans Committee reviews proposed amendments to federal and provincial legislation targeting various registered plans such as RRSPs, RRIFs, TFSAs and RESPs. The committee reviews proposed changes from both an operational and policy perspective and develops securities industry positions on practical and conceptual matters surrounding the administration of these plan accounts. The committee interacts with federal and provincial governments as well as domestic tax authorities to address concerns, providing recommendations and proposing solutions. The committee also serves as a forum for the securities industry to explore additional operational efficiencies in the administration of the plans.
Meeting: Quarterly
Chair: Marianne Miller - TD
IIAC Contact: Jack Rando (Tel: 416-687-5477, email: jrando@iiac.ca)
Small Dealers / Introducing Firms Committee
The Small Dealers / Introducing Firms Committee represents the views and interests of small member firms, including introducing firms. It addresses the needs of these firms by providing a peer network for firms to share information and experience. It also provides input on legislative and regulatory requirements to ensure that the specific concerns of such firms are appropriately considered on these matters.
Meeting: 6-10 times per year
Chair: Mario Frankovich - Burgeonvest Bick Securities Limited
IIAC Contact: Susan Copland (Tel: 604-637-1677, email: scopland@iiac.ca)
Tax Reporting Committee
The Tax Reporting Committee reviews proposed amendments to federal and provincial tax legislation from an operational perspective, comments on proposed tax reporting forms and develops securities industry positions on practical and conceptual matters surrounding tax reporting, tax-sheltered investment plans and other tax-related matters. The committee interacts with federal and provincial governments to address concerns, providing recommendations and proposing solutions. The committee also works with Canadian Depository for Securities Limited (CDS) regarding enhancements to tax reporting, reconciliations and other tax-related services that CDS Clearing & Depository Services Inc. provides. Finally, the Tax Reporting Committee works with issuers to ensure timely reporting by them on the CDS Innovations tax factor reporting website so that investors can receive tax slips on as timely a basis as possible.
Meeting frequency: Monthly
Chair: Brian Snider, BMO Nesbitt Burns
IIAC Contact: Jack Rando (Tel: 416-687-5477, email: jrando@iiac.ca)
U.S. Tax Committee
The U.S. Tax Committee reviews and comments on proposed amendments to U.S. tax withholding and reporting legislation, regulations and policies. It develops Canadian securities industry positions on practical and conceptual matters surrounding U.S. tax withholding and reporting requirements, including advocacy and developing best practices.
Meeting frequency: Monthly
IIAC Contact: Andrea Taylor (Tel: 416-687-5476, email: ataylor@iiac.ca)
See the organizations that are part of IIAC's members, Associate members and Partners.