Crypto Asset Trading Platforms – Applying for CIRO Membership

Updated Tools

In addition to the comprehensive guidance and tools already available on CIRO.ca for applicants, we have also developed a Supplemental Documentation Checklist for Crypto Asset Trading Platforms to assist CTP applicants in preparing supplemental materials to support their new Member Application, or for existing CIRO Dealer Members to add a CTP line of business.

Service Standards

We are also pleased to announce newly established service standards associated with CIRO’s processing of new Member applications and material business changes for current Members. Our service standards outline CIRO’s response timelines for each submission made by the applicant, whether it is the initial Member Application submission or a response to an information request from CIRO staff during the review process. These service standards ensure transparency and consistency, providing applicants with clear expectations from CIRO during the course of our review of the Member Application.

For information on the service standards, please visit the Becoming a Dealer Member or Notice of Business Changes on CIRO.ca.

What is expected of Applicants

The completeness of an applicant’s submission to CIRO and the timeliness of their responses to information requests will significantly impact the time it will take to process the Member Application. To ensure the progression of CIRO’s review, CIRO staff will establish deadlines for the applicant to provide responses or additional materials. Applicants are expected to provide substantially complete and accurate responses within the specified timeline.

It is also important that CTPs have finalized the key elements of their business plan before filing their application for CIRO membership. Material changes to the application will impact the progress of CIRO’s review, resulting in potential delays.

Webcast

We will be publishing a webcast soon to discuss these developments in more detail. The webcast will be eligible for Continuing Education (CE) credits and an Education Bulletin will be issued once the webcast is available to view.