But the industry trade group is calling on the regulator to keep fees in check
Decision is effective immediately
Companies will be able to ask the regulator to review their disclosure before they file a prospectus
The change will result in more than $700K of savings for registrants
A special advisor to the commission shares how the OSC might shift its approach
Two open discussion sessions are scheduled for May
Lower compliance costs will allow advisors to better serve smaller investors
Proposed framework would require planners and advisors to have an "appropriate credential"
Major industry groups, SROs and investor advocates are expected to participate in the roundtable
Initial feedback to proposals generally positive