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What’s New

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 […]
Jul
10
2020
PDF TORONTO, July 10, 2020— FAIR Canada welcomes the announcement from the Ontario Capital Markets Modernization Taskforce of its  recommendation for investment firms to comply with the Ombudsman for Banking Services and Investments (OBSI) recommendations for compensation. The lack of binding decision-making authority on the part of OBSI tilts the playing field in favour of […]
Jul
08
2020
Media Release July 8, 2020, Toronto, ON ~ (Globe Newswire) FAIR Canada has provided comments to the OSC on the OSC Proposed Rule to restrict DSCs in the sales of mutual funds to investors. FAIR Canada has advocated for a regulatory ban of DSCs for many years and supports the announcement of December 19, 2019 […]
Jul
08
2020
PDF July 04, 2020 The Secretary Ontario Securities Commission 20 Queen Street West 22nd Floor Toronto, Ontario M5H 3S8 comments@osc.gov.on.ca RE: Ontario Securities Commission (OSC) Notice and Request for Comment – Proposed OSC Rule 81-502 Restrictions on the Use of the Deferred Sales Charge Option for Mutual Funds (OSC Proposed Rule) FAIR Canada[1] is pleased […]
Apr
27
2020
Canadians are in a financial crisis caused by the exceptional circumstances of the COVID-19 pandemic. FAIR Canada has called on the securities regulators, the Ontario Securities Commission and the Canadian Securities Administrators, to impose a moratorium on default or cancellation terms, penalties and forfeitures for group plan RESP subscribers that arise due to missed contributions.  Read […]
Mar
31
2020
In light of concerns about the role and effectiveness of self-regulatory organizations (SROs), FAIR Canada proposes that the Canadian Securities Administrators (CSA) conduct a broad and thorough review of the regulatory framework  that governs the Mutual Fund Dealers Association (MFDA) and the Investment Industry Regulatory Organization of Canada (IIROC). Newsflash FAIR Canada proposes review of the […]
Mar
26
2020
FAIR Canada calls on the financial services industry, including banks, insurance companies, mutual funds dealers and investment dealers, to provide relief to retail investors suffering financial hardship due to COVID 19 related impacts on their personal financial circumstances. See the full press release here Newsflash FAIR Canada calls for suspension of DSC mutual fund redemption […]
Mar
09
2020
PDF FAIR Canada submitted to the CSA that electronic “delivery is more efficient and a majority of investors would be better served by electronic delivery.  However, electronic “access” is not the same as electronic “delivery”.  Sending a generic email to retail investors and telling them to go to find a document on SEDAR is not […]
Feb
07
2020
With the Canadian Securities Administrators (CSA) preparing to undertake a review of industry self-regulation, the Mutual Fund Dealers Association (MFDA) is envisioning a new approach that features a single self-regulatory organization (SRO) covering all dealers and the CSA taking control of market regulation. Click Here to read the article by Investment Executive
Feb
07
2020
Globe and Mail – February 6, 2020. Our Executive Director gives insight into FAIR Canada’s support of this review by the Capital Markets Modernization Taskforce to how the government polices the securities industry. Click Here to read the full article!