The rules would explicitly require firms to resolve material conflicts of interest in the best interest of their clients
The OSC released its statement of priorities for 2019-2020 on Thursday
The regulator says it will continue to work with the CSA on deferred sales charges and trailers to discount brokers
There’s support for the CSA’s proposals, but criticism of regulators
PMAC wants CSA to leave pooled funds out of client-focused reforms
Advisors could begin to use technology now to stay onside of the CSA’s proposed client-focused reforms when they take effect
Advisors should use the proposed client-focused reforms as an opportunity to strengthen relationships with clients
Investor advocates cite lack of “best interest” standard
Industry group calls for joint CSA/SRO committee to receive feedback and guidance
IFIC’s recent Canadian Mutual Fund Investor Survey found that investors are very satisfied with their advisors and prefer to pay their fees indirectly
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