The report makes several recommendations dealing with titles and credentials that are likely to have a significant impact on many in the investment industry
The regulatory roundtable discussion revealed the deep divisions within the investment industry concerning the prospect of the CSA introducing this standard
The event will examine the proposed reforms that CSA put forth in a consultation paper this past April
The panels dealing with the CSA’s proposed reforms will focus on the proposed best interest standard as well as the other key targeted reforms
Those still timorous and uncertain about introducing a best interest duty have a duty, themselves, to become decisive
In the final video of a six-part series on regulatory changes, Dan Richards, CEO, Client Insights and Lynn McGrade, partner at Borden Ladner Gervais LLP, discuss regulators’ conflicting standpoints on the best interest standard proposal from the Canadian Securities Administrators.
Ensuring that clients come first can only improve public confidence in markets, IIROC CEO says
Paul Bourque, president and CEO, Investment Funds Institute of Canada, outlines the industry group’s response to the CSA’s targeted reforms and “best interest” standard. He spoke at the IFIC annual leadership conference 2016 in Toronto.
More clarity needed on best interests standard