Friday May 3 2013
News Source: Global Exchanges
Focus: General - Global Exchanges
Type: General
Country: Canada
Link: http://www.securities-administrators.ca/aboutcsa.aspx?id=1145
The Canadian Securities Administrators (CSA) have announced that the Ontario Securities Commission (OSC) will host two roundtables to further explore and discuss the issues identified in CSA Consultation Paper 33-403 – The Standard of Conduct for Advisers and Dealers: Exploring the Appropriateness of Introducing a Statutory Best Interest Duty When Advice is Provided to Retail Clients.
The roundtables are part of the CSA’s ongoing effort to explore the potential benefits and competing considerations of introducing a statutory fiduciary, or ‘best interest’, standard for advisers and dealers when they provide advice to retail clients. The Consultation Paper, which was published October 25, 2012, examines whether a statutory best interest standard should be adopted, whether another policy solution would be more effective or whether the current Canadian standard of conduct framework is adequate.
The first of two roundtables will be held on June 18, 2013, from 9 a.m. to 12 p.m. and is geared toward investors and investor organizations. The second roundtable will be held on June 25, 2013, from 9 a.m. to 12 p.m. and is geared toward advisers, dealers and industry organizations. Both roundtables will take place on the 22nd floor of the OSC’s offices located at 20 Queen Street West in Toronto, Ontario.
Interested parties are asked to send an e-mail to bestinterestconsultations@osc.gov.on.ca by Monday, May 13, 2013. Further details, including the final agenda, will be provided closer to the event dates.
Click on the above link for more details.