Proposed Dual Registration amendments – Proposed CIRO Rules

Comments Due By: June 12, 2026

The Canadian Investment Regulatory Organization (CIRO) is publishing for comment amendments on the Proposed CIRO Rules published in Bulletin 26-0039 (the “Proposed Dual Registration amendments”).

The Proposed Dual Registration amendments retire the dual registration regulatory construct by repealing the proficiency upgrade requirement for mutual fund-only advisors who work at an Investment Dealer Member and codifying exemptive relief conditions under which existing dual-registered firms operate. This change will simplify registration requirements and provide a unified framework across all Dealer Members.