Archive: Dec 2015

MFDA Releases “Benefits of Working with an MFDA Member” Brochure

03rd Dec 2015

IFB Staff

MFDA Releases “Benefits of Working with an MFDA Member” Brochure

Earlier this week, the Mutual Fund Dealers Association of Canada published a brochure meant to help consumers understand the advantages of utilizing an MFDA Member to assist them in their financial planning endeavours. “The MFDA and its Members are responsible for a significant portion of the Canadian wealth management landscape and primarily service mass market retail clients who represent over 80% of Canadian households. The Benefits of Working with an MFDA Member brochure is intended to promote the value and benefits to investors of the regulatory oversight exercised by the MFDA over its Members,” said MFDA President and CEO Mark Gordon. The brochure outlines benefits such as the protections provided by MFDA Rules, registration of Members and Approved Persons, Member complaint […]

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A larger, more powerful insurance regulator could be coming to Ontario

03rd Dec 2015

IFB Staff

A larger, more powerful insurance regulator could be coming to Ontario

A review of Ontario’s existing insurance regulation regime has led to the recommendation of a larger regulator that has more powers. The proposals come from an expert committee tasked with reviewing the directives of the Financial Services Commission of Ontario (FSCO), the Deposit Insurance Corporation of Ontario (DICO), and the Financial Services Tribunal. The committee proposed the stronger enforcement of rules and regulations applying to insurance agents, increased obligations in consumer protection, and new rules that reflect those that apply to the securities side of the financial advisory industry. In addition, the committee suggested an overhaul of Ontario’s existing regulatory framework, including merging FSCO and DICO into one larger regulatory body called the Financial Services Regulatory Authority (FSRA). The proposed […]

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