January marks the unofficial start of our industry’s tax reporting season.  However, the growing scale, complexity and importance of tax reporting have meant that dealer preparations are now a year-round activity.  To support members in fulfilling this essential function, the IIAC undertakes various efforts. Learn more by clicking here.

CDIC will begin onboarding all Nominee Brokers onto their new Nominee Broker Portal (NB Portal) starting January 31, 2022. This is required in advance of new provisions of the CDIC Act and By-laws that take effect on April 30, 2022. All brokers who hold CDIC eligible deposits in nominee name for clients must comply with these new rules as of the date they take effect. Learn more by clicking here.

We’re proud to share with you some of the many ways our member firms are contributing to their communities.

We invite you to learn more about our members’ Commitment to Community by clicking here.

Laura Paglia has officially taken the helm as President and CEO of the Investment Industry Association of Canada (IIAC). Laura comes to the IIAC from the law firm Borden Ladner Gervais LLP where she practiced exclusively in the areas of securities litigation and regulatory and compliance matters. She has decades of specialized experience representing a broad range of institutional clients in the financial services and capital markets industries, and has been a significant contributor to securities policy and regulation.

Laura’s deep understanding of the workings of the Canadian financial sector, particularly investment dealers, and her strategic and practical perspectives on securities regulation are vital at a time of dramatic transformation in the financial sector and capital markets, and sweeping changes in the regulatory framework. The IIAC is fortunate to draw on Laura’s leadership as the voice of the industry and her extensive relationships in the financial and regulatory communities.

The IIAC Board of Directors and the IIAC staff are excited to welcome Laura to our team and very much look forward to working with her on building on the IIAC’s strong reputation and standing within the investment industry and across the financial sector.

Welcome Laura!

The Board of Directors of the Investment Industry Association of Canada (IIAC) is pleased to announce the appointment of Laura Paglia as the next President and CEO of the IIAC effective August 1, 2021. Ms. Paglia is a Partner with the law firm Borden Ladner Gervais LLP and a leader of its Securities Litigation and Regulatory Group. She has had an extensive practice representing multiple institutions in the financial services and capital markets industries. She has also been active in securities policy and regulation.

Click here to read the news release.

The Boards of Directors of the Investment Industry Association of Canada (IIAC), the Investment Funds Institute of Canada (IFIC), and the Federation of Mutual Fund Dealers (FMFD) established the Investment Industry SRO Forum in January of this year to consider the potential outcomes of the CSA SRO Framework Consultation. The Associations felt it was important for the investment industry to collaborate to provide regulators with a broad industry view on how to improve self-regulation through consolidation. Our overarching objective is to improve the investor experience and strengthen investor protection.

Forum members agreed that self-regulation is critical to the Canadian capital markets and that investors are best served by one national SRO that has an operating model flexible enough to accommodate all categories of dealer and advisor registrants.

The Forum made its submission to the CSA today. Its recommendations are high-level, strategic, and practical; they focus on governance, policy, and operating efficiencies. The Forum also asserted that the SRO consolidation process needs to proceed as quickly as possible and that the considerable assets of both the current SROs should be leveraged to the fullest extent.

Forum members also issued a joint news release today. A joint (IIAC, IFIC, FMFD) webinar will be held on April 13. More information to come.

The IIAC Top Under 40 Award recognizes and celebrates the new generation of highly motivated and talented young professionals whose drive, dedication, personal and professional qualities and accomplishments have brought distinction to the investment/financial industry.

The caliber of past nominees and Award recipients has been truly excellent and portends a bright future for the securities industry. Their passion for the investment business and commitment to giving back is worthy of acclaim. We are calling on members of the public to put forth the names of outstanding individuals for consideration for this year’s Award. Submit your nomination by clicking HERE. Please note that nominations will be accepted until 5:00 pm ET on June 4, 2021.

Information on the eligibility and selection criteria, and the nomination process, is available here.

Help us recognize the outstanding efforts of our industry’s younger generation. Be sure to submit your nomination by June 4.