(September 12 – 14:45 ET) – The Ontario Securities Commission is using its Web site to answer some common questions it has received from salespersons regarding the CSA Distribution Structures Position Paper and the proposed MFDA rules.

The questions and answers comprise the most common questions directed to OSC staff and asked at the MFDA road shows. The Q&A document attempts to answer questions on issues such as:

  • regulating financial planning business through dealers;
  • dealer supervision of a salesperson’s outside activity;
  • the position of dual licensees in MFDA policy and rule-making; and
  • dual licensee independence from a dealer.

While reps may find some answers, they won’t find much relief from the OSC. The commission is sticking to its guns on issues that reps say are critical to their businesses, such as the use or personal corporations, increased capital requirements and the regulation of financial planning.
-IE Staff