| 

What’s New

Apr
04
2018
FAIR Canada issues statement on OSC’s Draft 2018-19 Statement of Priorities Frank Allen, Executive Director of FAIR Canada said, “FAIR Canada welcomes the continuing strong commitment of the OSC to investor protection reflected in its draft 2018-19 Statement of Priorities, especially the OSC’s stated intention to publish rule proposals for regulatory provisions to create a […]
Apr
04
2018
FAIR Canada has provided comments to the British Columbia Securities Commission (BCSC) regarding its consultation on fintech regulation. FAIR Canada’s submission included: comments on possible changes to the start-up crowdfunding exemption; comments on the use of third parties to perform essential functions of online advisers or robo-advisors, as well as other developments such as permitting […]
Mar
20
2018
Released Tuesday, March 20, 2018 PDF FAIR Canada commends the Ontario Securities Commission (“OSC”) for giving priority to the growing concerns related to vulnerable older investors with the release of its Seniors Strategy. We look forward to working with the OSC and other stakeholders on next steps and associated initiatives. FAIR Canada is pleased to […]
Mar
20
2018
PDF Report shows Canada needs a Financial Consumer Code TORONTO, March 20, 2018 – Two of Canada’s leading consumer groups, FAIR Canada and the Public Interest Advocacy Centre (PIAC), today welcomed a government report that confirmed major Canadian banks incentivize their employees to “mis-sell” unsuitable financial products to Canadians. However, the report, written after a […]
Mar
12
2018
There are no guaranteed ways to protect against investment fraud but here are three steps that you can take: Conduct a registration check; Learn some of the major signs of investment fraud; Learn Five Rules for Avoiding Investment Fraud. The British Columbia Securities Commission (BCSC) has a series of videos  on common fraud warning signs you may want to take […]
Mar
05
2018
FAIR Canada has provided its comments to IIROC Notice 18-0014 regarding its Plain Language Rules (PLRs). FAIR Canada recommends that any proposed changes regarding OEO firms, including the scope and content of an account appropriateness requirement, be deferred until such time potential changes in light of CSA Consultation 81-408, and the OSC’s pending Seniors Strategy are known. The […]
Feb
28
2018
FAIR Canada has commented on IIROC’s latest consultation on its continuing education (“CE”) requirements. FAIR Canada believes that initial proficiency requirements should be addressed at the same time as CE requirements are reviewed and recommends that IIROC engage in a thorough, public review of proficiency standards, rather than only engaging with stakeholders on revising CE requirements. FAIR Canada […]
Feb
26
2018
FAIR Canada, the Public Interest Advocacy Centre, CARP, and Kenmar Associates have issued a letter to the OBSI Joint Regulators Committees (“JRC”) urging them to make public their response to the Independent Evaluation of the Canadian Ombudsman for Banking Services and Investments’ (OBSI) Investment Mandate (the “Battell Report”), released on June 6, 2016. All the […]
Feb
07
2018
FAIR Canada and the Canadian Centre for Elder Law provides comments to New Brunswick’s Financial and Consumer Services Commission on their consultation on improving detection, prevention and response to senior financial abuse in New Brunwick. FAIR Canada and CCEL urge securities regulators to adopt the six recommendations contained in its recent joint report  along with […]
Feb
02
2018
FAIR Canada has provided comments to the Canadian Securities Administrators (“CSA”) on their Consultation Paper 52-404 Approach to Director and Audit Committee Member Independence. FAIR Canada does not support change and believes that the current approach to determining director and audit committee member independence, which strikes an appropriate balance between prescriptive and principles based elements, […]