| 

What’s New

Oct
17
2017
FAIR Canada has provided comments supporting IOSCO’s recommendations regarding regulatory reporting and public transparency in the secondary corporate bond markets. FAIR Canada supports the seven recommendations which involve the collection and centralization of data, pre-trade and post-trade reporting to regulators and pre-trade and post-trade transparency requirements. FAIR Canada makes the following suggestions to IOSCO: Go […]
Oct
04
2017
The OSC’s Roundtable on the Option of Discontinuing Embedded Commissions was held on Monday September 18, 2017. The OSC Roundtable also included remarks by OSC Chair Maureen Jensen who stated “As regulators, we are very concerned about the conflicts that arise from embedded compensation. At the same time, we have heard compelling arguments about the unintended consequences, […]
Oct
02
2017
FAIR Canada in partnership with Osgoode Hall Law School and through the generous support of the Law Foundation of Ontario, has launched the Investor Protection Clinic, the first of its kind in Canada. The Clinic provides pro-bono legal assistance to people in Ontario who have invested their savings and suffered an investment loss but cannot […]
Oct
02
2017
FAIR Canada has provided comments on the Department of Finance’s Review of the federal financial sector framework. FAIR Canada is generally supportive of the Government’s focus on building long-term, inclusive economic growth to support Canadians, and agrees that a well-functioning financial sector is key to delivering this commitment. However, throughout its submission, FAIR Canada reminded […]
Sep
11
2017
FAIR Canada has commented on the Proposed Amendments to National Instrument 45-106 Prospectus Exemptions that would amend the report of exempt distribution set out in Form 45-106F1 Report of Exempt Distribution. FAIR Canada is concerned about the CSA’s overall regulatory focus relating to the exempt market, as the changes currently proposed indicate that the CSA […]
Aug
23
2017
Fair Canada Chair, Ermanno Pascutto, announced that Frank Allen, a seasoned securities lawyer and executive leader, has been appointed its Executive Director. Frank begins his role effective immediately. To read the press release click here. To read further, please see article from James Langton, Investment Executive.
Aug
18
2017
Jade Hameon of the Investment Executive reports on the Ontario Securities Commission’s announcement of the agenda and panelists for a roundtable scheduled for September 18, 2017 to discuss the topic of discontinuing embedded commissions. Marian Passmore, Director of Policy and COO of FAIR Canada has been announced as a panelist to discuss discontinuing, or implementing […]
Aug
03
2017
FAIR Canada has submitted comments with respect to CSA Consultation Paper 51-404 Considerations for Reducing Regulatory Burden for Non-Investment Fund Reporting Issuers. FAIR Canada believes that reducing regulatory burden may not be in investor interests. Before regulators move forward with any reforms, they must demonstrate with empirical evidence that further steps to reduce regulatory burden […]
Aug
03
2017
FAIR Canada submitted comments to the Canadian Securities Administrators in support of its proposal to prohibit the advertising, offering, selling or otherwise trading of binary options. FAIR Canada reiterated in its comments that binary options are harmful for investors by their very design and not just in cases of fraud. FAIR Canada would also like […]
Jul
20
2017
Leo Almazora of Wealth Professional reports on a letter written by Ken Kivenko of Kenmar Associates to the Canadian Securities Administrators on internal ombudsmen at the banks, particularly their level of independence and transparency. The letter in particular takes issue with the “two-step” process for launching complaints (through an internal ombudsman and OBSI) and asks […]