Regulators have begun taking steps to level out the requirements across the financial services industry
Choice and access to financial products, services and advice will diminish if compliance costs are not reined in, says Advocis CEO
The firms had been previously warned about compliance deficiencies but failed to effectively act upon those warnings
Costs are creating a greater burden on smaller firms
An effective relationship disclosure information form should be more than a regulatory document, say legal experts
There are over 100 new and revised requirements in CRM 2 that are either currently in effect or will do so over the next three years
With regulations, products and communication technology changing at an accelerating pace, more financial advisors are developing collaborative relationships with their compliance departments
The goal is to improve communication with dealers, fund managers and advisors
Notice sets out guidance for firms to ensure compliance with regulatory obligations regarding sales communications
CSA sets out recommendations to improve relationship disclosure practices