{"id":3212,"date":"2024-03-28T21:31:04","date_gmt":"2024-03-28T21:31:04","guid":{"rendered":"https:\/\/cfacanada.org\/?post_type=advocacy_newsletter&p=3212"},"modified":"2024-03-28T21:31:08","modified_gmt":"2024-03-28T21:31:08","slug":"march-2024-advocacy-newsletter","status":"publish","type":"advocacy_newsletter","link":"https:\/\/cfacanada.org\/fr\/advocacy_newsletter\/march-2024-advocacy-newsletter\/","title":{"rendered":"March 2024 Advocacy Newsletter"},"content":{"rendered":"\n
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March 2024 Advocacy Newsletter<\/h1>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n\n\n<\/div>\n\n\n\n

Download PDF:<\/h2>\n\n\n\n

March 2024 Advocacy Newsletter<\/a><\/p>\n\n\n\n

<\/p>\n\n\n\n

Summary:<\/h2>\n\n\n\n

When regulators propose new rules, we can expect industry players closest to the rulemaking to pay attention and comment\u2014after all, they have a significant economic stake in the outcome of that rulemaking. But getting other stakeholders involved is a taller order. They may not be as close to the relevant issues, and may not have the incentive to study up and contribute informed comments.<\/p>\n\n\n\n

One way regulators can try and mitigate this imbalance is by explaining in plain language what motivates their new rule proposals and how different stakeholders likely will be affected. We made this point to the Canadian Investment Regulatory Organization this past month, when commenting on their consultation paper \u201cLeveling the Advisor Compensation Playing Field.\u201d<\/p>\n\n\n\n

The paper highlights an inconsistency in how securities dealers\u2019 personnel can be compensated: some can direct their compensation to a personal corporation, while others can\u2019t. The paper then discusses options for allowing all \u201capproved persons\u201d to direct compensation to a personal corporation. Unfortunately, without upfront discussion explaining why we regulate compensation in this way or what the stakes are for dealers\u2019 clients, it\u2019s tough for anyone other than dealers themselves to engage with this consultation. As CIRO\u2019s rulemaking process evolves, we hope they will keep this consideration in mind.<\/p>\n\n\n\n

Finally, I want to congratulate Michael Thom, CFA<\/a>, on his appointment to the board of the Ombudsman for Banking Services and Investments. His appointment comes at an important time of transition for OBSI\u2014they\u2019ll benefit greatly from his input and advice.<\/p>\n","protected":false},"featured_media":0,"template":"","categories":[],"class_list":["post-3212","advocacy_newsletter","type-advocacy_newsletter","status-publish","hentry"],"acf":[],"yoast_head":"\nMarch 2024 Advocacy Newsletter - CFA Societies Canada<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cfacanada.org\/advocacy_newsletter\/march-2024-advocacy-newsletter\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"March 2024 Advocacy Newsletter - CFA Societies Canada\" \/>\n<meta property=\"og:description\" content=\"Download PDF: March 2024 Advocacy Newsletter Summary: When regulators propose new rules, we can expect industry players closest to the rulemaking to pay attention and comment\u2014after all, they have a significant economic stake in the outcome of that rulemaking. 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