The Investment Dealers Association of Canada is extending the comment period for its so-called Client Relationship Model (CRM) to the end of May.

The CRM, which was first published for comment in late February, is essentially the self-regulatory organization’s effort to implement some of the reforms proposed in the Ontario Securities Commission’s Fair Dealing Model. Among other things, it aims to improve transparency in the client-advisor relationship.

The Mutual Fund Dealers Association of Canada is also expected to publish its own similar proposals shortly.

The IDA announced that, “Because of the significance of the Client Relationship Model proposals to member firms and the investing public, the comment period on these proposals has been lengthened to 90 days. As a result, the comment period for these proposals will now expire on May 29.”