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Aug
05
2020
The recent push to merge the two main self-regulatory organizations (SROs) in Canada – the Investment Industry Regulatory Organization of Canada (IIROC) and the Mutual Fund Dealers Association of Canada (MFDA) – into one larger, more powerful SRO appears to be gaining steam. FAIR Canada believes it is vital to address significant shortcomings in the way […]
Aug
04
2020
Investors want regulation that will watch their back and a regulator they can trust, writes Ken Kivenko, president of Kenmar Associates, an investor protection organization, in Toronto.  The Canadian Securities Administrators’ (CSA) consultation on the self-regulatory (SRO) framework presents a unique opportunity to assess the merits of the existing framework in terms of how efficiently it operates, […]
Jul
15
2020
The CSA framework is an important first step, but more details are required, writes the vice president of the Investment Industry Association of Canada (IIAC).  The CSA’s new rule framework is a good first step and, together with the proposals suggested by the IIAC, the industry will be well on its way in protecting older and […]
Jul
15
2020
The Mutual Fund Dealers Association (MFDA) issued a notice in support of the Ontario Taskforce on Capital Markets Modernization consultation report proposal calling for the merger of the MFDA and the Investment Dealers Association of Canada (IIROC) to create a new self-regulatory organization to regulate the conduct of all registered dealers and the Canadian Securities […]
Jul
06
2020
Saskatchewan has cleared a formal hurdle as it moves to regulate the titles of “financial planner” and “financial advisor.” On Friday, the province passed the Financial Planners and Financial Advisors Act. Click Here to read the Investment Executive article
Jun
30
2020
The former head of the Ontario Securities Commission (OSC), Maureen Jensen, is joining the board of Financial Industry Regulatory Authority Inc. (FINRA). The U.S. self-regulatory organization announced that Jensen, who stepped down as chair and CEO of the OSC in April, has been appointed as a public governor. Click Here to read the Investment Executive article
Jun
29
2020
The Investment Industry Regulatory Organization of Canada (IIROC) is considering returning money to harmed investors as part of its enforcement process. In a notice setting out its priorities for the current year, the self-regulatory organization (SRO) said it is launching an initiative to help investors who suffer losses due to industry misconduct. Click Here to read […]
Jun
26
2020
Toronto-based NEI Investments will discontinue the deferred sales charge (DSC) and low-load options on its mutual funds later this year. Click Here to read the Investment Executive article
Jun
25
2020
The Canadian Securities Administrators (CSA) today announced that it is seeking input from investors, industry and the public on the framework for self-regulatory organizations (SROs) in Canada. Comments should be submitted in writing by October 23, 2020. Click Here to read the CSA release
Jun
25
2020
The Ontario Securities Commission (OSC) published today its 2020-2021 Statement of Priorities, which sets out 15 priority areas where the OSC intends to focus resources and actions over the coming fiscal year, as well as the expected outcomes. Click Here to read the OSC statement