CSA hope more market data would bring better regulatory insight
One in five reviews resulted in firms re-filing certain disclosure
Proposals would enhance regulators’ ability to analyze documents while reducing administrative burden
New amendments are intended to provide sophisticated investors access to a broader range of investment opportunities
ETF Facts would be similar to the Fund Facts document that must be provided to clients who purchase mutual funds
IIROC has also proposed amendments to trading rules to conform to the CSA’s policy approach
Research shows that mutual funds with higher embedded commissions drive sales and that advisors are sometimes biased in favour of these products
New CSA head Louis Morisset has a crowded docket to deal with, including consideration of a fiduciary duty for advisors
Proposed changes include “entitlement and corporate action event management” fees for issuers
The two new proposals are intended to further simplify regulatory processes