Regulators, investor advocates and the investment industry have varying and deeply entrenched views about the CSA’s proposed reforms
Not all member regulators are in agreement
Will regulators actually go ahead with reform proposals?
The panel continues to push the OSC to introduce a best interest standard
Although there are concerns, the FPSC, the CIFPS, the IIAC and FAIR Canada are in favour of the recommendation to regulate financial planning
The SRO says dealers lack a process for identifying reps that recommend products that generate higher revenue when cheaper alternatives exist
New report also recommends a simplified approach to dealing with consumer complaints and a consumer-friendly process for recovering losses
A CSA consultation paper will be published at the end of April
The DOL rule’s impact will likely vary based on a firm’s size and the sales channel it occupies
Ontario’s provincial regulator aims to achieve “better alignment between the interests of investors and their advisors,” according to its draft statement of priorities