Investor advocates call on IIROC to support CSA proposal
Report sheds light on effects of a new best interests standard
Client's best interest not effectively achieved by a specific rule or regulation
The comment period on the paper, which was published on April 28, has been extended to Sept. 30; roundtable discussions will take place this autumn
Different regulators are covering the same turf
The OSC is clear about its position on the best interests policy debate and is prepared to demonstrate leadership in this area
Financial planners and advisors who are securities registrants will need to use financial planning principles to deliver investment advice
Implementing a best interest standard and leaving the oversight of advisors to the existing regulators is not a viable option
IIAC’s priorities for the year include countering this major regulatory initiative, as well as the issues facing small and mid-sized dealers, rule harmonization and parallel registration
The Ontario regulator has released its 2016-2017 statement of priorities