The Investment Industry Regulatory Organization of Canada (IIROC) announced Monday it is seeking nominees for its market rules advisory committee (MRAC), which provides advice to the self-regulatory organization about proposed amendments to the trading rules, guidance on applying those rules, and other market regulation issues.
"MRAC reviews and makes recommendations to staff and the president of IIROC regarding each proposed amendment to [the trading rules] prior to submission to the board of directors to ensure each proposal not only adequately addresses market integrity concerns and is in the public interest but is also practicable and cost-efficient," IIROC says in a notice calling for nominations.
Committee members serve two-year terms. The upcoming term starts Oct. 3, and nominations are due by July 29.
The committee members will elect a chairman and vice chairman.