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What’s New

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
15
2018
PDF FAIR Canada Welcomes Release of Financial and Consumer Services Commission of New Brunswick’s Recommendations and Results of Consultation: Improving Detection, Prevention and Response to Senior Financial Abuse in New Brunswick Released Friday, June 15, 2018 Today is the 13th anniversary of World Elder Abuse Awareness Day. FAIR Canada wishes to express its gratitude to […]
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 […]