New rule sets requirements for providing electronic records
Not only are there significant cost savings available for both financial services firms and their advisors, but changes in regulation and investor behaviour are key reasons for considering electronic communication
Paper still the preferred method of regulators and clients alike
No new date given for transition to new service provider
Rule expected to come into force in February 2014
Major insurers implementing recommendations on pending insurance policies
CLIEDIS's eData project may not get off the ground
Proposed rule would allow for the efficient collection and use of information by the OSC
Rule provides standards and guidance for producing records in the electronic age
Distributors will be able to offer improved, one-stop reporting