{"id":3479,"date":"2024-07-31T13:29:00","date_gmt":"2024-07-31T13:29:00","guid":{"rendered":"https:\/\/cfacanada.org\/?post_type=advocacy_newsletter&#038;p=3479"},"modified":"2024-08-15T13:35:52","modified_gmt":"2024-08-15T13:35:52","slug":"july-2024-advocacy-newsletter","status":"publish","type":"advocacy_newsletter","link":"https:\/\/cfacanada.org\/fr\/advocacy_newsletter\/july-2024-advocacy-newsletter\/","title":{"rendered":"July 2024 Advocacy Newsletter"},"content":{"rendered":"\n<div class=\"wp-block-group is-layout-flow wp-block-group-is-layout-flow\">    <div class=\"hero hero--without-image hero-banner-block alignfull\">\n        <div class=\"hero__wrapper container\">\n            <div class=\"row justify-content-between align-items-center g-0\">\n                <div class=\"d-flex col-12\">\n                    <div class=\"hero__content\">\n                        <h1 class=\"hero__title\">July 2024 Advocacy Newsletter<\/h1>\n                                                                                            <\/div>\n                <\/div>\n                            <\/div>\n        <\/div>\n    <\/div>\n\n\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Download PDF:<\/h2>\n\n\n\n<p><a href=\"http:\/\/cfacanada.org\/wp-content\/uploads\/2024\/08\/Canadian-Advocacy-Newsletter_-20240731.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">July 2024 Advocacy Newsletter<\/a><\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Summary:<\/h2>\n\n\n\n<p>This month saw significant new\u00a0<a href=\"https:\/\/www.investmentexecutive.com\/news\/from-the-regulators\/ciro-debuts-new-proficiency-regime-rules\/\" target=\"_blank\" rel=\"noreferrer noopener\">proposals<\/a>\u00a0from the Canadian Investment Regulatory Organization (CIRO) that would complete and implement their multi-year policy project on proficiency in the securities industry. Instead of assessing proficiency through mandatory courses (currently administered by the Canadian Securities Institute), under the proposals CIRO would accomplish this task through exams developed in-house with assistance from a to-be-announced vendor. Candidates would then be free to choose how and on whom to rely in preparing for these exams. The proposals also introduce an increased structural reliance on certain training and proficiency elements to be delivered and maintained within CIRO member firms. CIRO also proposes to introduce a baseline education\/experience requirement for all candidates, which can be met with either a post-secondary diploma or degree, or four years of relevant experience. Under the proposals, it would not \u00a0be necessary for candidates to be sponsored by a firm before writing an exam, a significant divergence from a proficiency model that is otherwise notably similar in spirit and major features to that administered by the Financial Industry Regulatory Authority (FINRA) in the United States.<\/p>\n\n\n\n<p>We of course welcome efforts to elevate the proficiency standards that apply to the investment profession, especially when they seem unlikely to introduce undue barriers to access to the profession. Whether removing the firm sponsorship requirement is the right move, however, is something we\u2019ll need to think through. The CAC will have this and other aspects of the proposals in mind as we prepare our comments.<\/p>\n\n\n\n<p>In conducting this work, I\u2019m delighted that we are now joined by four new members with deep legal, regulatory, and financial sector experience:\u00a0<a href=\"https:\/\/www.linkedin.com\/in\/shahendaelgindi\/\" target=\"_blank\" rel=\"noreferrer noopener\">Shahenda El Gindi<\/a>, CFA,\u00a0<a href=\"https:\/\/www.linkedin.com\/in\/christopher-d-keeley-cfa-cfp-cim-fcsi\/\" target=\"_blank\" rel=\"noreferrer noopener\">Christopher Keeley<\/a>, CFA,\u00a0<a href=\"https:\/\/www.linkedin.com\/in\/kathrynlaflamme\/\" target=\"_blank\" rel=\"noreferrer noopener\">Kathryn Laflamme<\/a>, CFA,\u00a0<a href=\"https:\/\/www.linkedin.com\/in\/hari-marcovici-cfa-29ab6443\/\" target=\"_blank\" rel=\"noreferrer noopener\">Hari Marcovici<\/a>, CFA, and\u00a0<a href=\"https:\/\/www.linkedin.com\/in\/andrew-pennington-cfa-cipm-fmva%C2%AE-mba-78a56214\/\" target=\"_blank\" rel=\"noreferrer noopener\">Andrew Pennington<\/a>, CFA, CIPM. They\u2019ve hit the ground running, already making important contributions. Stay tuned for even more additions to the team later in the year.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n","protected":false},"featured_media":0,"template":"","categories":[],"class_list":["post-3479","advocacy_newsletter","type-advocacy_newsletter","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>July 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\/july-2024-advocacy-newsletter\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"July 2024 Advocacy Newsletter - CFA Societies Canada\" \/>\n<meta property=\"og:description\" content=\"Download PDF: July 2024 Advocacy Newsletter Summary: This month saw significant new\u00a0proposals\u00a0from the Canadian Investment Regulatory Organization (CIRO) that would complete and implement their multi-year policy project on proficiency in the securities industry. Instead of assessing proficiency through mandatory courses (currently administered by the Canadian Securities Institute), under the proposals CIRO would accomplish this task [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cfacanada.org\/advocacy_newsletter\/july-2024-advocacy-newsletter\/\" \/>\n<meta property=\"og:site_name\" content=\"CFA Societies Canada\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-15T13:35:52+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Dur\u00e9e de lecture estim\u00e9e\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/cfacanada.org\\\/advocacy_newsletter\\\/july-2024-advocacy-newsletter\\\/\",\"url\":\"https:\\\/\\\/cfacanada.org\\\/advocacy_newsletter\\\/july-2024-advocacy-newsletter\\\/\",\"name\":\"July 2024 Advocacy Newsletter - CFA Societies Canada\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cfacanada.org\\\/#website\"},\"datePublished\":\"2024-07-31T13:29:00+00:00\",\"dateModified\":\"2024-08-15T13:35:52+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/cfacanada.org\\\/advocacy_newsletter\\\/july-2024-advocacy-newsletter\\\/#breadcrumb\"},\"inLanguage\":\"fr-FR\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/cfacanada.org\\\/advocacy_newsletter\\\/july-2024-advocacy-newsletter\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/cfacanada.org\\\/advocacy_newsletter\\\/july-2024-advocacy-newsletter\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/cfacanada.org\\\/fr\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Advocacy Newsletters\",\"item\":\"https:\\\/\\\/cfacanada.org\\\/fr\\\/advocacy_newsletter\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"July 2024 Advocacy Newsletter\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/cfacanada.org\\\/#website\",\"url\":\"https:\\\/\\\/cfacanada.org\\\/\",\"name\":\"CFA Societies Canada\",\"description\":\"Canadian investment values\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/cfacanada.org\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"fr-FR\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"July 2024 Advocacy Newsletter - CFA Societies Canada","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cfacanada.org\/advocacy_newsletter\/july-2024-advocacy-newsletter\/","og_locale":"fr_FR","og_type":"article","og_title":"July 2024 Advocacy Newsletter - CFA Societies Canada","og_description":"Download PDF: July 2024 Advocacy Newsletter Summary: This month saw significant new\u00a0proposals\u00a0from the Canadian Investment Regulatory Organization (CIRO) that would complete and implement their multi-year policy project on proficiency in the securities industry. 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