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Canadian Regulators Mull Fiduciary Standard for Advisers and Dealers

Posted in Advisors, Broker-Dealers, Continuous and Timely Disclosure, CSA, Requests for Comment, Scholarship Plans

Introduction – A Matter of Investor Protection

The Canadian Securities Administrators (CSA) recently published Consultation Paper 33-403 (Paper) which invites comment on whether a statutory fiduciary duty should apply to registered advisers and dealers (collectively, Advisers). The comment period ends February 22, 2013.

Though undecided on the regulatory course ahead, the CSA appears to be amenable to the introduction of a qualified statutory fiduciary duty for Advisers.… Continue Reading