Regulatory

IIROC guidance on managing conflicts poses challenges for dealers

01 IIROC compensation review In April, IIROC published guidance on managing compensation-related conflicts after reviewing 20 firms. The review identified three concerns: The guidance, along with CSA’s proposal on banning embedded commissions, indicates a trend “toward greater clarity, greater and better disclosure, and fewer conflicts,” says John Fabello, a partner at Torys in Toronto. Though […]

By Michelle Schriver |June 30, 2017

6 min read

OSC proposes new rules for raising capital outside Ontario

The OSC is seeking comments on proposed new rules for issuers looking to raise capital outside of Ontario. On Thursday the Ontario securities regulator published revised OSC Rule 72-503 Distributions Outside Canada, and proposed Companion Policy 72-503 Distributions Outside Canada. “We have made certain revisions to the rule since its initial publication, including removing resale […]

By Staff |June 29, 2017

1 min read

Advisors to regulators: We’re not the bad guys

Comments on embedded commissions reveal advisor experience in the trenches

By Staff |June 28, 2017

4 min read

Ontario ‘working closely’ with SROs on titles reform

Lobbying on the Ontario government’s pledge to reform financial planning titles is expected to continue through the fall as a government working group reviews the options. The Finance Department says it is working closely with the OSC, the Financial Services Commission of Ontario, MFDA, IIROC and the Registered Insurance Brokers of Ontario to review a […]

By Simon Doyle |June 23, 2017

5 min read