Recent Posts

• IIAC Responds to Ontario Government Consultation Paper on Regulation of Financial Planners (IIAC Blog)
  

  IIAC Responds to Ontario Government Consultation Paper on Regulation of Financial Planners (IIAC Blog)

  April 16, 2018 by Ian Russell

  The IIAC submitted a comment letter to the Ontario government on its Consultation Paper, Regulation of Financial Planners. In our submission, the IIAC responded to questions surrounding the proposals to restrict the use of the “Financial Planner” title in Ontario, prohibit titles similar to “Financial Planner” and create a central, publicly-accessible database of financial planners.

  You can read our submission here.

  For more information, please contact Michelle Alexander, malexander@iiac.ca

• IIAC Comments on BCSC FinTech Regulation Consultation Paper (IIAC Blog)
  

  IIAC Comments on BCSC FinTech Regulation Consultation Paper (IIAC Blog)

  April 4, 2018 by Ian Russell

  The IIAC was pleased to offer comments on British Columbia Securities Commission (BCSC) Notice 2018/01 – Consulting on the Securities Law Framework for Fintech Regulation (the “consultation paper”). The IIAC appreciates input received from members, industry experts and Fintech firms.

  Fintech has the potential to add efficiencies and introduce a new competitive element to the industry, as well as fundamentally change the structure of the industry insofar as how firms, clients, vendors, and regulators interact. As innovation progresses, regulation needs to keep pace in order to facilitate business operations.

  In this regard, the IIAC recommended … Continue reading →

• President & CEO Testifies Before House of Commons Finance Committee re: Canada’s AML/ATF Regime (IIAC Blog)
  President & CEO Testifies Before House of Commons Finance Committee re: Canada’s AML/ATF Regime (IIAC Blog)

  March 27, 2018 by Ian Russell

  IIAC President and CEO, Ian Russell, testified before the House of Commons Standing Committee on Finance on the five-year statutory review of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA).

  In light of important obligations member firms have under the PCMLTFA and its Regulations, he made a number of recommendations to improve the effectiveness of the legislative framework, facilitate the obligations of reporting entities, and minimize the compliance burden. Among the recommendations, he called on the federal government to:

  – Work with the provinces and territories to harmonize beneficial ownership information standards across Canada and in federal … Continue reading →