Each year the Ontario Securities Commission (OSC) delivers a Business Plan to the Minister of Finance and publishes it on its website. The Business Plan includes the priorities the Commission will undertake in the upcoming fiscal year in connection with the...
FP Canada has opened consultations on two new Rules of Conduct for CFP® and QAFP® professionals. The first proposed rule prohibits certified professionals acting as an estate trustee, executor, or a power of attorney for property, whilst providing financial planning...
The Canadian Investment Regulatory Organization’s (CIRO) Office of the Investor has released its inaugural Blueprint. The Office of the Investor’s mission is to understand and inform investors and elevate their voice at CIRO. CIRO has also identified promotion of the...
The Financial Services Regulatory Authority of Ontario, (FSRA) recently uncovered some managing general agencies (MGAs) and their agents have been using improper training materials and selling products that may not meet customer needs. In response, FSRA developed new...
The British Columbia Securities Commission (BCSC) is joining the Ontario Securities Commission (OSC) in offering financial rewards for enforcement tips. The BCSC is now paying between $1,000 and $500,000 for tips that “meaningfully contribute” to investment fraud...
The Regulators understand that changes in the regulatory environment, have been challenging for financial advisors. An August report released by the Canadian Securities Administrators and CIRO found that most firms were falling short on conflicts-of-interest...
