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Investment industry demands clarity on best interest standards | Nadia Campion

Monday, March 27, 2017 @ 12:05 PM | By Nadia Campion

On Dec. 6, 2016, investment industry stakeholders from across Ontario participated in a roundtable discussion with the Canadian Securities Administrators (CSA) in respect of its proposed introduction of new regulatory standards aimed at enhancing the duties and obligations of investment advisers, firms and other registrants toward their clients.

The roundtable represented the culmination of a three-year consultation process focused on exploring the question of whether to impose a new statutory best interest duty on non-exempt registrants in the retail context.  

The CSA’s new standard is...