The Investment Industry Regulatory Organization of Canada (IIROC) is taking over the task of registration for investment dealers in New Brunswick.

IIROC said Friday that New Brunswick’s executive director of securities has delegated the task of both firm and individual registration to the self-regulatory organization, effective May 1.

In a notice, IIROC indicates that delegating this authority “will provide opportunities to streamline the registration and approval process in New Brunswick for IIROC [dealers].”

Under this new set up, the review of all applications and notices for IIROC dealers, their registered reps, and/or applicants, will be performed by IIROC staff in Toronto.

Dealers will continue to file their submissions using the National Registration Database (NRD). Applications and/or notices pertaining to the registration of a dealer based in New Brunswick should be sent to IIROC’s Toronto office, it notes.