Paul Bourque, president and CEO, Investment Funds Institute of Canada, outlines the industry group’s response to the CSA’s targeted reforms and “best interest” standard. He spoke at the IFIC annual leadership conference 2016 in Toronto.
More clarity needed on best interests standard
Several proposed reforms “are either impractical, unenforceable, or would adversely affect investors’ access to advice”
The association also recommends the CSA take a more tailored approach to reworking existing regulations rather than the proposed “targeted reforms”
Groups prepare feedback on CSA proposals
Editorial
As the investor protection juggernaut roles on, now is the time to have your say
Providing a “best interest” standard for advisors may not raise the bar
The hearings are slated to take place in Toronto, Halifax, Montreal, Calgary and Vancouver later this year
The trade group supports certain measures, but it recommends the CSA should evaluate the impact of recent reforms before making major changes