(May 5 – 11:10ET) – The Canadian Association of Insurance and Financial Advisors has issued a statement lauding the proposed merger of the Financial Services Commission of Ontario and the Ontario Securities Commission, as recommended in the recent Ontario budget.

CAIFA says the move is the next logical step towards full integration in the regulation of retail financial services. “We’re pleased. This announcement has the potential to advance our recommendations — contained within our own Regulatory Model for Financial Services Intermediaries — for the integration of financial services to better serve the needs of Canadians and their families,” said Dave Thibaudeau, president of CAIFA.

CAIFA says it “offers its assistance in developing an effective integrated system of regulation in financial services.”
-IE Staff