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What’s New

Jun
21
2018
Frank Allen, Executive Director, comments on the CSA’s Client Focused Reforms: “FAIR Canada welcomes today’s releases by the CSA concerning two critically important investor protection initiatives – the client-registrant relationship and mutual fund embedded commissions. Canadians expect and deserve to receive professional, objective financial advice that is free from compensation related and other conflicts that […]
Jun
21
2018
FAIR Canada has submitted comments regarding Canadian Securities Administrators (CSA) Staff Notice 61-303 and Request for Comment – Soliciting Dealer Arrangements. We agree with staff of the CSA that soliciting dealer arrangements raise a number of securities regulatory issues. We trust that the information and feedback sought by CSA staff in this Notice and Request […]
Jun
21
2018
FAIR Canada welcomes the Proposed Amendments as a step in the right direction. The removal of prospectus and registration exemptions for securities that are syndicated mortgages is necessary given the lack of effective oversight and enforcement. These investments should be regulated like any other securities investment. We also call for risks to investors from real […]
Jun
06
2018
FAIR Canada provides comments on the updated OBSI Terms of Reference which have been revised with the goal of making them easier to use and current.
May
29
2018
FAIR Canada has commented on the Ontario Securities Commission’s Statement of Priorities for Financial Year to End March 31, 2019 (“2019 Draft Priorities”). FAIR Canada is pleased to see that investor protection is emphasized throughout the 2019 Draft Priorities. However, FAIR Canada believes that these initiatives simply take far too long. The OSC (and other […]
May
29
2018
FAIR Canada provided comments in response to IIROC’s consultation to expand its portfolio of Enforcement Options to include a Minor Contravention Program (“MCP”) and the use of Early Resolution Offers (“EROs”) as set out in IIROC Notice 18-0045 dated February 22, 2018. FAIR Canada supports IIROC in reviewing the effectiveness of its enforcement program in […]
May
09
2018
FAIR Canada provided brief comments to the MFDA on the proposed Staff Notice on MFDA Intermediary Arrangements intending to clarify requirements under MFDA Rules 1.1.3 (Service Arrangements) and 1.1.6 (Introducing and Carrying Arrangements). FAIR Canada agrees that the MFDA should justifiably be concerned with the practices it describes in the proposed Staff Notice involving non-registered […]
Apr
24
2018
FAIR Canada’s Accountability Report: 2014-2017 : A Watershed Moment FAIR Canada has released its latest Accountability Report, reporting on FAIR Canada’s activities during its fiscal years 2014 to 2017. FAIR Canada’s mission is to be a catalyst for enhancing the rights of Canadian shareholders and individual investors, including being a national voice for investors in […]
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 […]