Letter: Time to act on structural reform
Ian Russell responds to comments on his opinion piece on SRO consolidation
- August 7, 2020 August 8, 2020
- 17:20
Ian Russell responds to comments on his opinion piece on SRO consolidation
The regulatory response to Covid-19 has improved the investor experience, writes Ian Russell
Aggressive deregulation agenda would not interfere with completion of the client-focused reforms, association president argues
A key factor in the growth of small business is public markets. But they need support to expand and grow
Regulators’ proposals to impose a best interests standard would be “duplicative and confusing”
Client's best interest not effectively achieved by a specific rule or regulation
Provincial difference of opinion on a new standard for advisors does not presage a divided co-operative securities regulator
The carve-outs for any proposed best interest standard to avoid adverse market consequences would be extensive and complicated
A renewed focus on firm culture is the most productive future direction
Different rules for securities regulation are inefficient and costly