Rebecca Cowdery, partner at Borden Ladner Gervais and a specialist in the regulation of investment funds, discusses industry concerns that CRM 2 (in effect July 15) will put unequal regulations on different sectors and products. She outlines the potential impact of the new regulations on both industry and clients. Cowdery spoke to Paula Virany, multimedia editor and video producer with Investment Executive, at the TMX Broadcast Centre in Toronto.
Rebecca Cowdery, partner at Borden Ladner Gervais and a specialist in the regulation of investment funds, explains the impact of the new CRM 2 regulations coming into effect July 15. She discusses compliance, the impact of the three-year phase-in of CRM 2 and how advisors can field questions from clients as increasing information appears in documents to retail clients. Cowdery spoke to Paula Virany, multimedia editor and video producer with Investment Executive, at the TMX Broadcast Centre in Toronto.
The SRO wants to hear from fund dealers directly about possible concerns
Competing products won't be subject to the same rules
Rebecca Cowdery, a partner at Borden Ladner Gervais discusses the new major changes to the client relationship model that are likely to have a big impact on advisors and their clients. Cowdery is a specialist in the regulation of investment funds and spent nine years at the Ontario Securities Commission before joining BLG. Cowdery spoke with Patricia Chisholm, a senior editor at Investment Executive.
If CRM reforms fail to produce the desired outcome, more drastic regulatory changes could be in store
Advisors could be called on to justify trailer commissions, explain new performance reporting measures
Regulators finalize a regulatory initiative that’s been 15 years in the making
CSA aims to enhance investor protection by improving the disclosure of investment costs and performance
The expense of these two disclosure initiatives shouldn’t be passed on to investors