The Canadian Securities Administrators is in the midst of a long-awaited review of the regulatory framework for the investment industry’s self-regulatory organizations. The result is expected to be a single SRO, but what it could look like is still unknown.
“If we are going to enhance the customer experience, having a unified SRO that serves the entire investment industry is going to help the industry move into a digital age, which customers really want,” says Rick Annaert, head of advisory services at Manulife Financial Corp. and president and chief executive officer at Manulife Securities Inc.
While some believe a merger of IIROC and MFDA is the best route, Mr. Annaert prefers a model rebuilt from the ground up. “If we can get synergy and some regulatory burden lessened without compromising investor security, it will help ... bring more efficiency,” he says. Mark Kent, president and CEO at Portfolio Strategies Corp., a Calgary-based mutual-fund and exempt-market dealer, believes a single SRO “makes a lot of sense,” to save the industry costs and avoid the time and resources required when having to deal with two different regulators on the same set of business.He also hopes a single entity will result in a stronger and broader understanding of the different investment products being regulated by that entity.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Our up-to-date timeline of coronavirus’ impact on the auto industryCOVID-19 has devastated all corners of the business in many different ways — here's a rundown of what's happened when drivingdotca More companies will be impacted as well due to supply chain management. The deficit will be much larger than $50B the feds are currently on track to spend. JustinTrudeau blew the bank on pet projects as such there is little fiscal room now! Wuhan auto makers and parts suppliers are back to work already. What gives?
Source: nationalpost - 🏆 10. / 80 Read more »
China’s manufacturing industry struggles to keep up with demand for ventilators, masks amid coronavirus outbreakAs the world struggles to amass the supplies and equipment needed to arm health-care workers and help save the lives of those with severe cases of COVID-19, Chinese manufacturers and international buyers are warning against placing too much faith in China’s manufacturing colossus I hope they are donating these for free! They did This is where you meds supplies are coming from. And yu know why? Simple; your corporations farmed out your good jobs to China so they can make these for them for pennies on the dollar. So now your remaining cos can not deliver. Worse you have no STRATEGIC RESERVE OF ANY SUPPLY
Source: globeandmail - 🏆 5. / 92 Read more »
Rupture of copper demand to fuel surplus as industry hit by virusMost analysts say the loss of consumption will be greater than the decline in supply globeinvestor globeinvestor Going to get some sustainable opportunities going? ESG? Audit? Xoxoxo from grannies in southern Ontario praying for us all
Source: globeandmail - 🏆 5. / 92 Read more »