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What’s New

Jul
26
2018
Frank Allen, Executive Director of FAIR Canada, said: “While FAIR Canada welcomes the CSA’s determination that it is appropriate to maintain the existing approach to determining director and audit committee member independence,  we are disappointed that the CSA choose not to extend these independence rules and principles, which benefit investors and our capital markets and […]
Jul
25
2018
FAIR Canada has provided comments in response to the MFDA’s consultation on proposed MFDA Sanction Guidelines. FAIR Canada believes the Sanction Guidelines should be drafted so as to inclusively apply to both Members and Individual registrants since misconduct can involve both dealer firms and individuals. As well FAIR Canada calls for the expectations of the […]
Jul
18
2018
FAIR Canada applauds the appointment of the Honourable Filomena Tassi as the new Minister for Seniors. FAIR Canada looks forward to collaborating with Minister Tassi on issues such as the prevention of investment fraud against seniors and other vulnerable Canadians, the prevention of elder abuse, undue influence and financial exploitation and putting in place appropriate […]
Jul
13
2018
FAIR Canada welcomes the MFDA’s Discussion Paper’s attempt to improve cost reporting requirements and the level of client understanding of their total costs of investing. FAIR Canada supports disclosure that lets investors know prospectively what the costs will be, what costs they have actually incurred (regardless of the type of investment or registrant) and the […]
Jun
27
2018
FAIR Canada has offered comments in response to the MFDA’s consultation on proposed MFDA Rules regarding Continuous Education (“CE”). FAIR Canada believes that requiring CE is a step in the right direction but securities commissions and SROs need to conduct a comprehensive proficiency standard review. FAIR Canada also recommends that the MFDA accredit CE activity […]
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 […]