Ontario Securities Commissionâs Investor Advisory Panel Releases 2020 Annual Report
Date
06/05/2021
The Investor Advisory Panel (the IAP) today released its 2020 Annual Report summarizing its activities, submissions, consultations, and meetings during the calendar year.
In 2020, the IAP focused on the impact of the COVID-19 pandemic on retail investors, and the implications of several recommendations made by Ontario’s Capital Markets Modernization Taskforce in its interim and final reports. Additionally, the IAP continued to focus on what it considers to be critical areas of investor protection, including: credentialing, competencies and misleading titles; discontinuing embedded commissions such as deferred sales charges (DSCs); addressing the risks of syndicated mortgages; implementing the Client Focused Reforms; strengthening the Ombudsman for Banking Services and Investments (OBSI); understanding the impact of disruptive trends in the investment space on retail investors; and prioritizing the improvement of investor outcomes equally with burden reduction and cost saving in the framework review of the Investment Industry Regulatory Organization of Canada (IIROC) and the Mutual Fund Dealers Association of Canada (MFDA).