25-508 - Canadian Investment Regulatory Organization Use of the Restricted Fund for a Disgorgement Distribution Program

25-508 - Canadian Investment Regulatory Organization Use of the Restricted Fund for a Disgorgement Distribution Program

• Approval Order 25-508 - Canadian Investment Regulatory Organization Use of the Restricted Fund for a Disgorgement Distribution Program

  Effective Date: February 19, 2026.

  This general order approves the Canadian Investment Regulatory Organization's (CIRO) use of its Restricted Fund to implement a Disgorgement Distribution Program, allowing disgorged funds to be distributed to eligible harmed investors, subject to specific terms, conditions, and reporting requirements.

  go_25_508_february_19_2026.pdf