Opening our company took nearly four times longer here than in the U.S. Why?

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 47 sec. here
  • 49 min. at publisher
  • 📊 Quality Score:
  • News: 186%
  • Publisher: 92%

Canadian News اخبار

Canada News,Breaking News Video,Canadian Breaking News

The processing time between financial regulators in Ontario and the U.S. is stark: 120 business days compared to 45 calendar days in the United States

A U.S. and a Canadian flag flutter at the Canada-United States border crossing at the Thousand Islands Bridge in Lansdowne, Ont. on Sept. 28, 2020.Andrew Auerbach and Jean Blacklock are contributing columnists for The Globe and Mail. They are co-founders of Delisle Advisory Group, an independent wealth-management firm serving high-net-worth families.

The processing-time objective is 120 business days with the Ontario Securities Commission compared to 45 calendar days in the U.S. with the Securities and Exchange Commission . This means that registration of an investment-counselling firm in Canada’s most populous province takes four times as long as an independent firm in the U.S.

Why does this matter? In the United States, competition within industries is a key reason for their success. One factor contributing to With that sort of dominance in market share, there is not the competitive incentive for the banks to offer innovations in product choice that you would see with more competitors in our market. In addition, there are inherent potential conflicts of interest within a bank offering multiple services to the client beyond investment management, and creating incentives for investment professionals to offer their clients more services across the bank.

 

از نظر شما متشکرم. نظر شما پس از بررسی منتشر خواهد شد.
این خبر را خلاصه کرده ایم تا بتوانید سریع آن را بخوانید. اگر به خبر علاقه مند هستید، می توانید متن کامل را اینجا بخوانید. ادامه مطلب:

 /  🏆 5. in İR

ایران آخرین اخبار, ایران سرفصلها

Similar News:همچنین می توانید اخبار مشابهی را که از منابع خبری دیگر جمع آوری کرده ایم، بخوانید.

Ontario providing funds to junior mining companies in Northern OntarioFunding will create jobs that will help mines discover materials needed for electric vehicles.
منبع: tbnewswatch - 🏆 75. / 51 ادامه مطلب »