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The Ontario Securities Commission (OSC) will host a roundtable to facilitate further stakeholder input on Canadian Securities Administrators (CSA) Consultation Paper 81-408 to ban embedded commissions.

Read: CSA’s embedded commissions ban falls short for clients, say advisors

The roundtable is on September 18, 2017, from 12:30 p.m. to 4:30 p.m. on the 22nd floor of the OSC’s offices, located at 20 Queen Street West in Toronto.

The event will include panel discussions — reflecting a diversity of views — on themes emerging from the consultation.

Read: No advice gap from other commissions bans: investors

To be a panellist at the roundtable, send an email with full contact details to investmentfunds@osc.gov.on.ca.

Read: Industry response to embedded commissions ban: IFIC and Advocis

Additional details, including the agenda, panellists and how stakeholders can register to attend, will be published the week of August 14.

Dates for roundtables hosted by other CSA jurisdictions will be announced by the respective regulators.

Originally published on Advisor.ca
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Keith Hylton

Banning embedded commissions not only separates the rich from the average but it also keeps the average from obtaining the advise they need to potentially improve their financial situation. Plus, advisors may not be able to service children from clients who have money because their children are just starting out and they have no money. This will cause an issue with the client that will either end the relationship or force the advisor to service the client’s child for free. Furthermore, advisors become hard pressed to take on and/or keep clients that have little or no assets.

Tuesday, Jun 20, 2017 at 1:36 pm Reply