CSA’s final panel to explore fiduciary standard benefits

Today, the Canadian Securities Administrators (CSA) is hosting its third and final fiduciary standards panel.

The CSA scheduled the event so the industry could further discuss the issues identified in its CSA Consultation Paper 33-403 – The Standard of Conduct for Advisers and Dealers. It will also explore the key topics that emerged in comment letters, as well as those expressed during the previous CSA roundtables on June 18, 2013 and June 25, 2013.

Read:

• Advisors, clients benefit from fiduciary standard, says FPC
• Fiduciary duty will raise costs: CSA roundtable

Specifically, this session will feature four panelists who represent the academic, investor, industry, and legal communities. They’ll cover the following topics:

1. Should dealers (and their representatives) be subject to a best interest standard when providing advice to retail clients? What would the consequences be of introducing such a standard?

2. What other policy options could securities regulators consider in addition, or as alternatives, to a statutory best interest standard?

The participants will address each topic and also take part in an open discussion with attendees.

The panel is taking place from 10:00 a.m. to 12:00 p.m. at the OSC offices in Toronto, Ontario. It will be moderated by James Turner, vice-chair of the OSC.

*Stay tuned for more coverage!*

Read:

Disclosure is broken: CSA best interest roundtable

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