AFM121 Chapter Notes - Chapter 2: Terrorism Financing, Financial Services, Stock Certificate

• School: University of Waterloo
• Department: Accounting & Financial Management
• Course: AFM121
• Professor: Craig Geoffrey

Document Summary

Ontario securities commission (osc), bc securities commission (bcsc) Canadian securities industry regulation is a provincial responsibility o o. Self-regulatory organizations (sros) establish and enforce industry regulations o o o o o. Investment industry regulatory organization of canada (iiroc): oversee investment dealers, biggest. The canadian depository for securities (cds) (owned by tmx) o. Canadian securities institute (csi) (owned by moody"s) o. Intermediaries: facilitate the transfer of capital from suppliers to users. Banks/trust companies: accept deposits from their customers (capital suppliers) and lend to capital users. Investment funds/pension funds/insurance companies: use funds collected from their customers to invest in the financial securities (bonds, equities) of various users of capital. Investment dealers: sometimes acts as agents for their clients, sometimes acts as principals for their own behalf. 3% of firms have revenue over billion; rbc, td, bmo. 8% of firms have revenue million - billion. Rest of firms are smaller, with over half generating revenue below million.