IIAC Blog

March 24, 2020

Essential Services status for investment industry, provinces of Ontario and Quebec, British Columbia

• The Government of Quebec has confirmed that investment dealers are included in essential services.

• The Government of Ontario has confirmed that investment dealers are included in essential services.

This status gives firms the ability to access their facilities, and to continue to serve their clients. However, it does not mandate personnel to be on-site. The IIAC is continuing operations with staff working from home, and visits to the office carried out only as strictly necessary.

The essential services lists for both provinces can be found at the links below.

Ontario: https://www.ontario.ca/page/list-essential-workplaces

Quebec: https://www.quebec.ca/en/health/health-issues/a-z/2019-coronavirus/essential-services-commercial-activities-covid19/          

IIROC’s communication regarding Ontario essential services can be found at the link below, including confirmation that the “capital markets” item in the essential services list published covers the operations of IIROC-member investment dealers. Investment dealers in Quebec have received a similar carve-out as an essential service.

https://www.iiroc.ca/Pages/default.aspx

*Update: March 27, 2020

The B.C. government has declared capital markets, including the British Columbia Securities Commission (BCSC), to be essential services during the COVID-19 pandemic. For more information see link below:

https://www2.gov.bc.ca/gov/content/safety/emergency-preparedness-response-recovery/covid-19-provincial-support/essential-services-covid-19

We hope all our members are safe and well.

Ian C. W. Russell, FCSI

President and CEO