Saskatchewan has joined Ontario in regulating "financial planner" and "financial advisor"
The draft statement includes details on title protection framework
Details are few, but flexibility is a key theme
The vigilant enforcement of professional standards is essential to protect consumers and to maintain the integrity of the financial planning profession
The FSRA’s regulation of advisor and planner titles could influence policy in other jurisdictions
Financial planners and advisors should be aware that the act may go beyond title protection
But the devil will be in the details
It remains to be seen what credentials the titles would require
Proposed framework would require planners and advisors to have an "appropriate credential"
New government voices its support for the CMRA and the planned new provincial regulator for insurance, pensions, and deposits