Taking down regulatory silos
The Canadian Investment Regulatory Organization has a lot more work to do, says Andrew Kriegler, inaugural president and CEO
- By: Greg Meckbach
- June 2, 2023 May 31, 2023
- 10:31
The Canadian Investment Regulatory Organization has a lot more work to do, says Andrew Kriegler, inaugural president and CEO
Regulators are proposing more extensive disclosure from issuers
Rules take effect for the 2026 reporting year, with clients receiving disclosure in 2027
A conversation with a stockbroker sparked Brandt Butt’s initial interest in finance
Wealthy clients who earn capital gains and make large donations will be hit
In 2023, employers are paying 44.7% more at the top end than in 2018
PMAC, IIAC and others weigh in on rules proposed by Ontario’s Capital Markets Modernization Taskforce
Review comes as many hope OBSI will undergo its own reforms
Andy Mitchell, who has headed two dealer firms, takes IFIC’s helm as the industry adjusts to a new SRO and disclosure rules
Net income for the firms in the Profit Survey declined by 12% on average
Investor advocates aren’t happy with the proposals either
Critics say current rules disadvantage retail investors and advisors
Doing well last year meant preserving capital and minimizing losses
Toni Ferrari draws on her background in accounting, regulation and compliance to lead the re-formed Canadian Investor Protection Fund
The account is set to be a planning powerhouse for advisors
The ombudsman faces mounting criticism from industry and investors alike
Product shelves, audit response absent from regulatory agenda
Fund families that used liquid alts and underweighted certain asset classes tended to outperform in 2022
Denis Dubois, executive vice-president with Desjardins Group, is on the hunt for independent advisory firms to acquire
Interest rates are expected to remain at or above 4% in both Canada and the U.S.
Clients may not know they’re obligated to file, and there is no cap on penalties for late filing if taxes are owed
Several recent failures in the market have eroded investor trust
The Canadian regulatory landscape will be fundamentally altered in 2023
Canada could learn from a U.K. proposal
Investors may experience more pain, at least in the first half