Open Letter to CSA Seeks Clarification on Client Focused Reforms

FAIR Canada has written a  letter to the CSA regarding the proposed Client Focused Reforms seeking clarification so that we can better understand how firms must address in the best interest of a client conflicts of interest in four common scenarios: Embedded Commissions Only MFDA Dealer; Commuting the Value of a Pension; Leveraged Investing; and Exempt Market Dealer Offering Only Related Party Products. We also wish to know how CSA members will be able to ensure from a compliance and enforcement perspective that firms are complying with the requirements to address conflicts in the best interest of the client.

August 30, 2018