Canada plans to merge investment regulators into one agency

  • 📰 nationalpost
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 80%

Colombia Noticias Noticias

Colombia Últimas Noticias,Colombia Titulares

Move aims to address years of complaints about the overlapping roles and high costs

They also plan to merge two existing investor protection funds into a new one that’s independent of the expanded regulatory body.

IIROC oversees about 175 firms, including full-service investment dealers such as BMO Nesbitt Burns Inc. and RBC Dominion Securities Inc., while the MFDA supervises about 90 mutual fund dealers, such as CIBC Securities Inc. and National Bank Investments Inc. Some financial firms are forced to be members of both agencies because their employees hold different licences for selling investment products.

In late 2019, the CSA began studying the existing framework. It created a working committee to determine the structure of the new organization and oversee the integration of the two groups. The review prompted both the MFDA and IIROC to publish their own proposals.

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 10. in CO

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Cannabis industry urges Health Canada to water down beverage limitsCurrent rules limit the amount of cannabis-infused beverages a customers can buy. — via TheGrowthOp
Fuente: nationalpost - 🏆 10. / 80 Leer más »