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October 2021 Advocacy Newsletter
Summary:
October proved to be another busy month for the Canadian Advocacy Council with the submission of six comment letters including a response outlining the CAC’s support for creating a new SRO framework through the replacement of IIROC and MFDA while creating a new investor protection fund that will replace CIPF and IPC. As summarized below, the CAC believes the new SRO must have 1) a strong, accountable governance structure in place and 2) have the public interest at the centre of its mandate. The CAC is working to respond to a number of requests for comment in the coming months including Phase II of IIROC’s consultation on competency profiles with a concentration on the necessary competencies for CFOs and CCOs.