The IIAC has taken several specific initiatives to assist member firms, and we anticipate more work will be undertaken in the weeks ahead as the crisis unfolds.
These initiatives include:
- Organizing a weekly “coronavirus” teleconference for IIAC member firms to inform on industry preparedness; to provide clarity and guidance from the regulators and policy-makers; and to facilitate an exchange of information across the individual firms.
- Maintaining ongoing dialogue with industry service providers, and trading and clearing platforms.
- Establishing a dedicated page on our website to provide member firms access to relevant information and resources on the coronavirus.
- Maintaining continuous contact with the Bank of Canada, securities regulators, governments, and trade associations to stay conversant on policy decisions, and convey industry suggestions and recommendations garnered through our committee structure.
- Reaching out as an anticipatory step to regulators and governments for clarity and confirmation on the status of the investment industry as an “essential service”. We are pleased to report the Governments of Ontario, Quebec and British Columbia have confirmed investment dealers are included in essential services.
We welcome your comments and suggestions on the foregoing efforts. Please email us at members_membres@iiac.ca.