The Joint Forum of Financial Market Regulators is surveying plan sponsors and service providers of Capital Accumulation Plans to assess the success of the CAP guidelines.
Alberta’s finance department reports that the Joint Forum recently released the anonymous, voluntary survey. Finance says the Joint Forum, “is conducting a review to assess to what extent the guidelines have been successful in achieving their original objectives and to determine whether any changes are required to the guidelines.”
The objectives of the guidelines, which were released in 2004, were to: clarify the responsibilities of CAP sponsors, service providers and CAP members; ensure that CAP members have the information and assistance they need to make investment decisions in a CAP; and, to ensure that there is similar regulatory result for all CAP products and services, regardless of the regulatory regime that applies to them.
It asks that respondents complete the survey by February 15.
Survey aims to gauge success of Capital Accumulation Plan guidelines
Joint Forum to determine if changes are needed
- By: James Langton
- January 15, 2008 January 15, 2008
- 17:10