Under the AMF's Morisset, regulators adopted major investor protection reforms
It remains up to regulators to act on long-standing recommendation
Interim rules coming in May, with new CEO, board to be named in Q2
The CSA is seeking six industry directors and eight independent directors for the board
The new guidance doesn't add requirements for fund managers, but shows where firms may be falling short of disclosure expectations
The amendments give regulators access to audit work performed by foreign firms
The SRO provides clarity ahead of new year-end requirements, noting how products, fees and even ESG should be discussed
The new national Investor Advisory Panel will provide retail investor perspective on regulators' work
The proposals, which are largely in line with TCFD recommendations, won't take effect before the end of 2022
Reforms will take effect in 2022, and regulators promise more to come