Canadian Investment Regulatory Organization
The Canadian Investment Regulatory Organization (CIRO; Organisme canadien de réglementation des investissements or OCRI in French) is a non-profit, national self-regulatory organization (SRO). Established through the merger of the Investment Industry Regulatory Organization of Canada (IIROC) and Mutual Fund Dealers Association (MFDA) on January 1, 2023,  CIRO oversees all investment dealers, mutual funds and trading activity on debt and equity markets in Canada. The organization sets regulatory and investment industry standards and has quasi-judicial powers in that it holds enforcement hearings and has the power to suspend, fine and expel members and their representatives.