CCIR, CISRO propose new guidance on the design, distribution of seg funds
Self-regulatory organization aims to harmonize with CSA's revised requirements
Reforms follow a review that found shortcomings in existing arrangements
CAPSA replaces 2004 guideline, consolidates risk management guidance
New measures address the use of DSCs with existing contracts
Draft rules out for comment, expected to take effect in 2026
Industry braces for technical challenges as new disclosures take effect
Conflict of interest concerns spark regulators' review
Insurance regulators promised new guidance on upfront compensation structures
CSA and CCIR finalize CRM3 rules, give industry until 2026 to adopt