The Ontario Securities Commission (OSC) has published final rules to a new statutory framework, that will facilitate distributing amounts collected by the OSC under disgorgement orders, to harmed investors. Once the rules take effect in late summer, the OSC will...
The Ontario Securities Commission (OSC) and the Autorité des marchés financiers (AMF) in Québec, joined international counterparts in focusing on the risks posed by rogue unregulated advisors, providing financial advice online. The International Organization of...
FP Canada and the Chartered Professional Accountants of Canada (CPA Canada) signed a Memorandum of Understanding (MOU) that will allow professionals in both fields to have access each other’s programs, credentials, including accredited continuing education and...
The FP Canada Standards Council 2024 report reminds financial planners that off-duty conduct, including social media activity, may trigger professional scrutiny and disciplinary action. When a financial planner engages in conduct on social media that impacts their...
The Canadian Life and Health Insurance Association (CLHIA) announced that it is using artificial intelligence (AI) tools to detect insurance fraud in group benefits plans. AI technology is revolutionizing the insurance industry’s ability to combat fraud and ensure the...
Quebec’s Bill 92 proposes to combine the Chambre de la sécurité financière (CSF), currently responsible for mutual fund rep supervision, and the Chambre de l’assurance de dommages (ChAD), which oversees property and casualty insurance representatives and to...
