Canadian advisor regulation on track globally: Report

Canadian advisor regulation on track globally: Report

Canadian advisor regulation on track globally: Report

“The terms ‘fiduciary’ and ‘best interest’ are over-used, casually and interchangeably, to describe a wide range of possible and unclear obligations,” noted Laura Paglia, a Torys Partner and author of the report. “When we looked at the content of the obligations of investment advisors in the U.S., the U.K. and Australia, we found that none of these jurisdictions have, or are considering, more onerous requirements than those already in place in Canada.”

The report recommends that the CSA look to those jurisdictions when coming to its own findings, while taking into consideration “the underlying substance and context informing the concepts that are being considered.”

The CSA has yet to respond to the question at hand or respond to the report's findings.
 


read more > 1 2