Regulatory

DoL delays fiduciary rule for U.S. advisors

The U.S. Department of Labor has issued a 60-day extension to the fiduciary rule and related exemptions, including the Best Interest Contract Exemption. The announcement follows a Feb. 3, 2017, presidential memorandum, which directed the department to examine whether the fiduciary rule adversely affects the ability of Americans to gain access to financial advice. Read: […]

By Staff |April 5, 2017

1 min read

Updated: Ontario ready to shake up financial industry

Not familiar with the proposed changes? Time to check them out.

By Katie Keir |March 31, 2017

7 min read

‘Disclosure is not a panacea,’ says IIROC head

In an industry where the definition of “financial advice” is becoming blurry, regulatory disclosure does not solve all issues, says Andrew Kriegler, president of IIROC. Regulators need to adapt faster to an environment where clients want more control over their investments and may perceive online products and services as offering them financial advice, Kriegler told […]

By Simon Doyle |March 31, 2017

3 min read

OSC report aims to put investors on their best behaviour

The Ontario Securities Commission (OSC) has published a staff notice on behavioural insights (BI). The report outlines how global regulators use knowledge about human behaviour to address issues in capital markets and improve outcomes for investors and market participants. Read: Less efficient markets call for active management, says CFA In the report, ample research is […]

By Staff |March 30, 2017

1 min read