Recent Posts

• IIAC Comments on the CSA Reforms Related to the Client-Registrant Relationship (IIAC Blog)
  

  IIAC Comments on the CSA Reforms Related to the Client-Registrant Relationship (IIAC Blog)

  June 21, 2018 by Ian Russell

  The CSA released its long-awaited proposals to address the client-registrant relationship. The IIAC is pleased the CSA has proposed a harmonized approach and moved away from an overarching best interest standard that would have created confusion and negative consequences for advisors and their clients.

  The IIAC will respond vigorously within the 120-day comment period, engaging with member firms, to put forward recommendations for more practical and cost-effective rules and greater clarity in terms of expected conduct.

  Click here to read our news release.

   

• Speech by Bank of Canada Deputy Governor (IIAC Blog)
  

  Speech by Bank of Canada Deputy Governor (IIAC Blog)

  June 18, 2018 by Ian Russell

  It was an honour for the IIAC to host Bank of Canada Deputy Governor Lynn Patterson at a luncheon in Toronto today. She spoke about interest-rate benchmarks and the work underway in Canada and globally to strengthen them.

  Interest rate benchmark reform is important to our clients in the financial sector and to the safety and stability of global financial markets. Millions of financial contracts valued in the trillions of dollars rest on these reference rates and affect many of our clients that do business across nearly all asset classes, including derivatives, bonds, loans and other financial instruments. Robust benchmarks … Continue reading →

• Charyl Galpin of BMO Wealth Management Re-Appointed IIAC Board Chair (IIAC Blog)
  

  Charyl Galpin of BMO Wealth Management Re-Appointed IIAC Board Chair (IIAC Blog)

  June 6, 2018 by Ian Russell

  At its Annual General Meeting in Montreal today, the Investment Industry Association of Canada (IIAC) announced its 2018-19 Board of Directors, including the re-appointment of Charyl Galpin, Chief Regulatory Officer, BMO Wealth Management, as IIAC Board Chair, and Steven Donald, Executive Vice-President, CI Financial Corp., as Vice-Chair.

  “I am honoured to continue serving as Chair of the IIAC,” Galpin said. “I look forward to working with our Board to ensure the IIAC remains an effective advocate for member firms, fighting for efficient regulation and capital markets, promoting capital formation and supporting members with … Continue reading →