Decision on tougher investor protection measures coming by end of 2025
Firms to pay US$2.6 million, including US$1 million in client restitution
Regulators cite data gaps, lack of standards, pervasive risks as obstacles
Regulators provide feedback to assurance standards setters
Clients should be prepared for new obligations
New regime requires every advisor involved in a reportable or notifiable transaction to make their own disclosure to the CRA
New product labelling and marketing rules to take effect in 2024
Regulator's compliance reviews find issues with performance reporting
Draft guidance forms part of larger effort to improve industry conduct
Regulator's planned guidance comes alongside Basel Committee initiative