In the final video of a six-part series on regulatory changes, Dan Richards, CEO, Client Insights and Lynn McGrade, partner at Borden Ladner Gervais LLP, discuss regulators’ conflicting standpoints on the best interest standard proposal from the Canadian Securities Administrators.
Ensuring that clients come first can only improve public confidence in markets, IIROC CEO says
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