The industry group is calling on regulators to develop a proficiency regime for fund reps
The new guidance takes effect Sept. 30
“We’ve got to keep the standards high,” says PMAC president
Compliance exams uncover an inappropriate one-size-fits-all approach
Regulators need to introduce systemic changes that will control the growth of regulation, improve regulatory efficiency and reduce the regulatory burden
A review led by OSC and AMF staff is being conducted this year with a target for mid-2018 for proposed rule amendments and comments
IOSCO report examines examines investment fund liquidity management tools in 26 jurisdictions around the world
Comments sought from industry
The provincial regulator also wants to explore whether fund prospectuses provide sufficient clarity on different fund classes
Prospectus reviews focusing on disclosure of fees and expenses, investment objectives and strategies, and conflicts of interest