Canadian Securities Course (CSC) Level 1 Practice Exam

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Which of the following is NOT a Self Regulatory Organization (SRO) in Canada?

  1. Investment Industry Regulatory Organization of Canada (IIROC)

  2. Mutual Fund Dealers Association (MFDA)

  3. Montréal Exchange

  4. Canadian securities exchange

The correct answer is: Montréal Exchange

The Montréal Exchange is not a Self Regulatory Organization (SRO) in Canada. The Montréal Exchange is a financial derivatives exchange that operates in Canada, focusing on options trading, futures contracts, and other financial products. The other three options, such as the Investment Industry Regulatory Organization of Canada (IIROC), the Mutual Fund Dealers Association (MFDA), and Canadian securities exchange, are all examples of Self Regulatory Organizations (SROs) in Canada that play a vital role in regulating and overseeing specific aspects of the Canadian financial industry.

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