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May 2022 Advocacy Newsletter

Summary:

The CSA’s application for recognition of the new SRO lays out the framework of the new organization, including draft by-laws, draft interim rules, its recognition order, draft terms of reference for the new SRO investor advisory panel, and new considerations and requirements for the inclusion of mutual fund dealers and their registrants in Québec. Given the extensive proactive consultation on this file with the CSA’s working groups there were few surprises for us in the final release here, but plenty of laudable progress towards a complex reorganization and major progress towards our suggested improvements to regulatory structure.