The CCIR plans to continue developing a Canadian market conduct regime that reflects the standards the International Association of Insurance Supervisors have set out
Carriers had to provide a wide range of information on the business they conducted during the previous calendar year by May 1
But the two groups have differing views on how the rules for seg funds and mutual funds should be harmonized
One goal is to reduce the potential for regulatory arbitrage
Insurance regulators have issued a paper that suggests existing and potential gaps in disclosure between mutual funds and segregated funds may need to be addressed
The CCIR plans to publish a consultation paper this spring to discuss potential methods of closing the gap between mutual fund and seg fund disclosure requirements
CCIR framework intended to support and implement more collaborative and co-operative supervisory activities
The agreement will result in more consistent handling of consumer complaints, more effective risk surveillance and greater collaboration in addressing market conduct issues
CLHIA releases compliance guidelines as part of its response to recommendations from regulators
Strategic plan focused on enhancing consumer protection