Regulator sets supervisory priorities for credential providers
The province is asking for feedback and comparing other provinces' regulations
The regulator said those who use titles require more time to comply with the framework
Like Ontario and Saskatchewan, the province will restrict use of "financial planner" and "financial advisor"
Results include action on insurance, title protection complaints
Compliance sweep uncovers issues with identifying, disclosing and managing conflicts of interest, including conflicted compensation
Some fees reduced to reflect existing OSC oversight of new SRO
The regulator intends to be a credentialing body under the province's title protection regime
Like Ontario and Saskatchewan, the province will regulate "financial advisor" and "financial planner"
FAIR Canada research finds investors worry about fees and suitability, and have low faith in regulatory protections