Canadian Regulators Release Oversight Review Report of the IDA



    TORONTO, Jan. 15 /CNW/ - The Canadian Securities Administrators (CSA)
announced today the release of the Oversight Review Report on the performance
of the Investment Dealers Association of Canada (IDA).
    The review, conducted by the Alberta Securities Commission (ASC),
Autorité des marchés financiers, British Columbia Securities Commission, Nova
Scotia Securities Commission, Ontario Securities Commission and the
Saskatchewan Financial Services Commission focused on the IDA's Registration,
Enforcement and Sales Compliance departments, as well as the IDA's membership
process.
    CSA staff participating in this consolidated report were generally
satisfied that the IDA is in compliance with the relevant terms and conditions
of its recognition orders as a self-regulatory organization.
    The Report outlines staff's findings and identifies some areas for
improvement. It also includes the IDA's responses to the recommendations, as
well as staff comments and intended follow-up. CSA staff are working with the
IDA on areas identified in the course of the review.
    The Report is available on various CSA members' websites. The ASC
separately released its Oversight Review report of the IDA's Prairie Regional
office to address issues specific to that office. The ASC's report is posted
on the ASC website, along with the IDA's response.

    The CSA, the council of the securities regulators of Canada's provinces
and territories, co-ordinates and harmonizes regulation for the Canadian
capital markets.





For further information:

For further information: Laurie Gillett, Ontario Securities Commission,
(416) 595-8913; Barbara Shourounis, Saskatchewan Financial Services
Commission, (306) 787-5842; Frédéric Alberro, Autorité des marchés financiers,
(514) 940-2176; Andrew Poon, British Columbia Securities Commission, (604)
899-6880; Nicholas A. Pittas, Nova Scotia Securities Commission, (902)
424-6859; Tamera Van Brunt, Alberta Securities Commission, (403) 297-2664


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