The investment Industry Regulatory Organization of Canada (IIROC) as a Canadian Industry Regulator vs. Financial Conduct Authority (FCA) the Financial Regulatory Body in the United Kingdom. 1....

Executive summary
This report has been prepared with the objective of explain the powers, regulation process, functioning and jurisdiction of two different regulatory authorities in two different countries. IIROC is an independent body which administers the Canadian securities and trading market and ensure that the interest on investors is protected and any registered firm is not indulged in illegal activity. Another regulator is Financial Conduct Authority (FCA) which conducts and oversee the functioning of UK financial markets and ensure that there is no illegal activities are carried by the firm. Further both the regulators also ensure that there is proper and fair competition between registered firms and all the registered advisors are educated, well trained and their background check report is clear. By referring the report, the user can well understand the powers of both regulators and their respective functioning.
1. Critical regulations:
IIROC
The Investment Industry Regulatory Organization of Canada (IIROC) is a non- profit and self- regulatory body which was established through merger of IDA and Market Regulation Services Inc. in June 2008. The organization is having quasi- judicial power which control and regulate the Canadian trading and securities market. The organization also issues compliance priorities report which assist to define the compliance programs, inherent controls and other aspects.
FCA
The body is responsible for operation of UK financial markets and it ensure that all the trading in securities are happening in fair and transparent manner so that the...