Which organization aims to advance the growth of Canada's investment industry?

Which organization aims to advance the growth of Canada's investment industry?

• A. Canadian Investor Protection Fund (CIPF)
• B. Investment Industry Association of Canada (IIAC)
• C. Autorité des marchés financiers (AMF)
• D. Financial Transactions Reports Analysis Centre of Canada (FINTRAC)

Answer: (B)

The Investment Industry Association of Canada (IIAC) is dedicated to promoting the growth and development of Canada’s investment industry. This organization focuses on advocating for a favorable regulatory environment, providing members with resources, and representing their interests to stakeholders including government bodies and regulatory authorities.

The IIAC plays a crucial role in fostering collaboration among industry participants, enhancing market integrity, and educating investors about the importance of investing in a well-regulated environment. Its initiatives are geared towards ensuring that the investment industry can thrive, which directly supports the industry's growth and addresses the evolving needs of its members.

In contrast, the Canadian Investor Protection Fund (CIPF) primarily serves to protect investors by providing insurance for customers of member firms in case of insolvency, which is not directly focused on industry growth. The Autorité des marchés financiers (AMF) functions as a regulatory body in Quebec to oversee financial markets and ensure compliance, while the Financial Transactions Reports Analysis Centre of Canada (FINTRAC) is concerned with combating money laundering and terrorist financing, which again is not aimed specifically at promoting industry growth.