(February 2 – 13:45 ET) Next week is going to be an important one in regulation for advisors, according to the Investment Funds Institute of Canada,.
The MFDA will be recognized as a self-regulatory organization, says IFIC. Regulatory approval will occur February 6 in Ontario, February 9 in B.C. and February 14 in Alberta.
It’s expected that the MFDA’s final rules will be published in the February 19 edition of the OSC Bulletin, says IFIC, including a summary of comments received to date.
IFIC is also expecting that the OSC and other provincial regulators will release a final copy of the new Financial Planning Rule on February 6.
The rule will require individuals, who present themselves under a variety of titles that imply they are financial planners, to satisfy a proficiency standard, including passing the Financial Planning Proficiency Examination.
MFDA to be recognized as SRO next week
New financial planner rule will also be released, says IFIC
- By: IE Staff
- February 2, 2001 February 2, 2001
- 13:45
IE Staff