The Financial Services Regulatory Authority of Ontario (FSRA) says the review of 54 information filings from 14 insurers in 2023, found the companies complied with the deferred sales charges (DSC) ban. The ban, which came into effect in June 2023, required insurers to...
A group of the country’s major securities regulators, (including Ontario, Quebec, Alberta, British Columbia, Nova Scotia and Saskatchewan) issued coordinated blanket orders that will allow Exempt market dealers (EMDs) to distribute securities issued by prospectus,...
The Ontario Securities Commission’s (OSC) Investor Advisory Panel (IAP) has released its 2023 annual report. Investor protection is the main highlight of the report. Besides bolstering consumer awareness of artificial intelligence (AI) fraud risks, the report also...
In observance of World Elder Abuse Awareness Day, on June 15th, the Canadian Securities Administrators (CSA) are urging older adults to stay vigilant against the increasing threat of online financial elder abuse. The CSA offers several tips for Canadians to protect...
The Canadian Institute of Financial Planning (CIFP) submitted the registered life insurance specialist (RLIS) designation to the Financial Services Regulatory Authority of Ontario (FSRA) for approval of the use of the Financial Advisor (FA) title in Ontario. Upon FSRA...
The Canadian Investor Protection Fund, (CIPF) published a notice of amendments to the Mutual Fund Dealer (MFD) Assessment Policy, which became effective June 11, 2024. The amendment states the MFD Fund assessment calculations are now a percentage of the two-year...
