James Langton
Self-regulatory organization (SRO) reform, Ontario’s taskforce, and crypto regulation are all featured on the Investor Advisory Panel’s (IAP) busy agenda for the year ahead.
The IAP, an independent advisory group of the Ontario Securities Commission (OSC), published its annual report on Thursday, detailing its activities for the past year and spelling out its list of priorities for 2021.
Near the top of that list is the Canadian Securities Administrators’ (CSA) ongoing review of the framework for self-regulation.
Currently, the umbrella group of Canadian regulators is contemplating changes to the current SRO landscape, including possible consolidation of the Investment Industry Regulatory Organization of Canada (IIROC) and the Mutual Fund Dealers Association of Canada (MFDA).
James Langton
Self-regulatory organization (SRO) reform, Ontario’s taskforce, and crypto regulation are all featured on the Investor Advisory Panel’s (IAP) busy agenda for the year ahead.
The IAP, an independent advisory group of the Ontario Securities Commission (OSC), published its annual report on Thursday, detailing its activities for the past year and spelling out its list of priorities for 2021.
Near the top of that list is the Canadian Securities Administrators’ (CSA) ongoing review of the framework for self-regulation.
Currently, the umbrella group of Canadian regulators is contemplating changes to the current SRO landscape, including possible consolidation of the Investment Industry Regulatory Organization of Canada (IIROC) and the Mutual Fund Dealers Association of Canada (MFDA).
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 i
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A Toronto-based investment management firm with $2 billion in assets under management has been put into court-approved receivership while the Ontario Securities Commission conducts an investigation into questionable related-party transactions and movement of funds to personal bank accounts.
In an unusual twist, David Sharpe, the chief executive and one of the main operators of Bridging Finance Inc., which raises capital from investors to make loans to corporate borrowers in exchange for limited partnership units, is himself a former mutual fund regulator.
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James Langton
Regulatory staff are a couple of weeks away from making their recommendations for reforming self-regulation a policy decision that will help shape the future of the investment business in Canada.
Speaking at an industry conference hosted by the Federation of Mutual Fund Dealers on Tuesday, Grant Vingoe, chair and CEO of the Ontario Securities Commission, indicated that a recommendation from regulatory staff to the Canadian Securities Administrators (CSA) on SRO reform will likely come in the next couple of weeks.
“We’re coming to a pivotal point in the process where the direction is being finalized,” Vingoe said.