The regulatory roundtable, which takes place on Feb. 27 at the OSC’s offices, will examine how the industry would respond to such incidents
The CSA's paper envisages a sweeping ban on trailer fees
Although the industry is in favour of expanding investors' access to alternative investments, investor advocates are opposed
Dan Richards, CEO, Client Insights and Lynn McGrade, partner at Borden Ladner Gervais LLP, discuss how advisors and investors may benefit from the Canadian Securities Administrators’ proposal to make alternative funds available to retail investors.
But PMAC stands behind the CSA’s concerns with these compensation arrangements and says regulators are “taking a bold step forward”
Although regulators have yet to make a decision on the matter, they’re formally considering whether to mandate a “direct pay” structure
The association notes that the CSA’s and the self-regulatory organizations’ rules already address compensation-related conflicts of interest
Dan Richards, CEO, Client Insights and Rebecca Cowdery, partner at Borden Ladner Gervais LLP, discuss the Canadian Securities Administrators' proposal to make alternative funds available to retail investors, with heightened restrictions. Comments close Dec. 21.
The regulators will now release the paper on Jan. 10, 2017, which will go then go out for a longer than usual comment period of 150 days
The methodology estimates a fee, or a fee range, for each marketplace based on its contribution to price discovery and trading activity