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Membership
We monitor the global regulatory system through our memberships with national and international regulatory bodies. The regulation of New Brunswick’s capital markets is seamlessly integrated into the larger Canadian market. With global outreach, we continue to best serve and protect the interests of our investors and capital markets participants.

The NBSC is a member of:

Canadian Securities Administrators - CSA is a voluntary umbrella organization of Canada’s provincial and territorial securities regulators whose objective is to improve, coordinate and harmonize regulation of the Canadian capital markets.

Council of Securities Regulators of the Americas - COSRA provides a forum to coordinate securities regulation throughout North, South and Central America and the Caribbean and cooperate with regulators in an increasingly global environment.

North American Securities Administrators Association - NASAA is the oldest umbrella organization of securities regulators and provides a forum to coordinate securities regulation among North American regulators and cooperate in a number of areas including enforcement and education.

Self-Regulatory Organizations (SROs)
The NBSC relies on self-regulatory organizations (SROs) to assist in protecting investors. SROs are non-government organizations charged with regulating various sectors of the securities industry.

Investment Industry Regulatory Organization of Canada - IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada. It was created in 2008 through the consolidation of the Investment Dealers Association of Canada and Market Regulation Services Inc.

Mutual Fund Dealers Association of Canada – MFDA is the national self-regulatory organization for the distribution side of the Canadian mutual fund industry.

International Organizations
As a member of the CSA, the NBSC cooperates and participates collaboratively with the following international organizations.

International Forum for Investor Education (IFIE) - An alliance chartered in 2005 that brings together private sector and public sector providers of investor education to improve the effectiveness of investor education programs around the world.

International Organization of Securities Commissions - IOSCO is an international association of securities regulators that was created in 1983. Its General Secretariat is based in Madrid, Spain. Its focus is on establishing standards, exchanging information and cooperation to enhance capital markets throughout the world.

United States Securities and Exchange Commission – The SEC is an independent agency responsible for enforcing federal securities laws and regulating the securities industry, stock and options exchanges in the United States and other electronic securities markets.