Luc Labelle is stepping down as president and CEO of Quebec’s Chambre de la sécurité financière (CSF) on March 13, the sef-regulatory organization (SRO) said Wednesday.

In office since 2005, Labelle said that after nearly 10 years of leading the CFS, it’s time for him to take on new challenges.

Marie Elaine Farley, the current vice president, legal and corporate affairs and secretary of the CSF, has been named the SRO’s acting president.

Farley oversaw the completion of Info-déontom a reference tool for CSF members and the general public, and has recently led the development and implementation of the CSF’s first required course.

A lawyer by training, Farley has served rhe CSF since 2001. The CFS board says she is very aware of the issues and challenges facing the organization and the financial services industry.

The CSF’s mission is to protect consumers by maintaining discipline and overseeing the training and ethics of nearly 32,000 representatives in Quebec. Those reps practice in five sectors and registration categories: group savings plan brokerage; financial planning; insurance of persons; group insurance of persons; and scholarship plans.