Investors need to put more effort into research and decision making
Issues of transparency, liquidity, fairness and information leakage outlined in consultation paper
New rules and streamlined process for dealers and advisors launched
CSA materials aimed at ensuring a smooth transition from current Canadian GAAP to IFRS
New CSA rule will spell changes to proficiency requirements, compliance systems, among other things
Only 38% of issuers “substantively” complied with requirements
Dealers and advisors obligated to “know your client”, “know your product”
Some groups say rule proposals are too costly
CSA summarizes requirements that become effective in September