Will simplify process for firms and individuals, CSA says
In the month or so since the federal budget proposed removing the 30% foreign-content restrictions on Canadian pensions and registered plans, some companies have moved quickly to adapt to the expected new environment. In these cases, companies have eliminated or absorbed the higher management fees that clones charge, or have started to dismantle the clones’ […]
If not for a certain eager New York state attorney general, the Canadian fund industry might have skated by with a kinder, gentler governance regime. But after an Eliot Spitzer-inspired investigation of market-timing in Canada, the fund industry finds itself facing not only tougher governance requirements but also the promise of more rules.The Ontario Securities […]
Retail investors who feel forgotten or ignored by securities industry enforcers are about to see some changes. Regulators plan to crack down on small-investor exploitation, abusive sales practices, inadequate disclosure and even mutual fund management expense ratios.Small investors are not usually high on the securities commissions’ list of enforcement priorities. Scarce resources and a mandate […]
ICAO, Ontario Chamber of Commerce to lead consultations
St-Gelais succeeds Sibold
CSA offers guidance on elimination of foreign property rule
New rule replaces most existing local CD requirements
Applications due by March 1
Regulators plan to have institutional trade-matching rule in force by start of 2006