{"id":2334,"date":"2022-06-24T21:29:00","date_gmt":"2022-06-24T21:29:00","guid":{"rendered":"https:\/\/cfacanada.org\/csa-staff-notice-and-request-for-comment-25-304-application-for-recognition-of-new-self-regulatory-organization\/"},"modified":"2023-03-17T20:08:52","modified_gmt":"2023-03-17T20:08:52","slug":"csa-staff-notice-and-request-for-comment-25-304-application-for-recognition-of-new-self-regulatory-organization","status":"publish","type":"post","link":"https:\/\/cfacanada.org\/fr\/csa-staff-notice-and-request-for-comment-25-304-application-for-recognition-of-new-self-regulatory-organization\/","title":{"rendered":"CSA Staff Notice and Request for Comment 25-304 Application for Recognition of New Self-Regulatory Organization"},"content":{"rendered":"    <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\">CSA Staff Notice and Request for Comment 25-304 Application for Recognition of New Self-Regulatory Organization<\/h1>\n                                                                                            <\/div>\n                <\/div>\n                            <\/div>\n        <\/div>\n    <\/div>\n\n\n\n\n\n<h2 class=\"wp-block-heading\">T\u00e9l\u00e9charger le PDF :<\/h2>\n\n\n\n<p><a href=\"http:\/\/cfacanada.org\/wp-content\/uploads\/2022\/10\/CSA-SRO-Application.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">CSA Staff Notice and Request for Comment 25-304 Application for Recognition of New Self-Regulatory Organization<\/a><\/p>\n\n\n\n<div style=\"height:32px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">R\u00e9sum\u00e9 de la lettre :<\/h2>\n\n\n\n<p>La demande d&rsquo;approbation fait suite aux recommandations formul\u00e9es dans l&rsquo;expos\u00e9 de position 25-404 du CAC visant \u00e0 fusionner les deux OAR existants, l&rsquo;OCRCVM et l&rsquo;ACCFM, en un seul organisme d&rsquo;autor\u00e9glementation (le nouvel OAR) en vertu de la Loi canadienne sur les organisations \u00e0 but non lucratif. Initialement, le nouvel OAR aura deux cat\u00e9gories de membres, les courtiers membres (compos\u00e9s de courtiers en valeurs mobili\u00e8res et\/ou de courtiers en fonds communs de placement) et les march\u00e9s membres (bourses reconnues, syst\u00e8mes de cotation et de d\u00e9claration d&rsquo;op\u00e9rations et autres qui facilitent la n\u00e9gociation de valeurs mobili\u00e8res ou d&rsquo;instruments d\u00e9riv\u00e9s au Canada dans les circonstances \u00e9num\u00e9r\u00e9es).<\/p>\n\n\n\n<p>Les ACVM ont publi\u00e9 une demande de reconnaissance du nouvel OAR, qui comprend un projet de r\u00e8glement administratif, un projet de r\u00e8gles provisoires, un projet de mandat pour le comit\u00e9 consultatif des investisseurs du nouvel OAR et de nouvelles exigences pour le Qu\u00e9bec. La demande comprend \u00e9galement un projet d&rsquo;ordonnance de reconnaissance et un projet de protocole d&rsquo;entente entre les autorit\u00e9s de r\u00e9glementation concernant la surveillance du nouvel OAR.<\/p>\n\n\n\n<p>La demande et le projet d&rsquo;ordonnance d&rsquo;approbation d\u00e9finissent la structure de gouvernance propos\u00e9e pour le nouvel OAR, y compris l&rsquo;obligation pour le conseil et les comit\u00e9s d&rsquo;\u00eatre compos\u00e9s d&rsquo;une majorit\u00e9 d&rsquo;administrateurs ind\u00e9pendants et de pr\u00e9sidents ind\u00e9pendants, le comit\u00e9 de gouvernance \u00e9tant compos\u00e9 de tous les administrateurs ind\u00e9pendants. Il est propos\u00e9 que le conseil d&rsquo;administration initial soit compos\u00e9 de 15 membres, dont six repr\u00e9senteront les membres et huit seront ind\u00e9pendants, plus le pr\u00e9sident et le directeur g\u00e9n\u00e9ral du nouvel OAR. Le nouvel OAR disposera \u00e9galement de politiques et de proc\u00e9dures pour g\u00e9rer les conflits d&rsquo;int\u00e9r\u00eats r\u00e9els, potentiels ou per\u00e7us de ses dirigeants, de ses employ\u00e9s et des membres de ses comit\u00e9s disciplinaires.<\/p>\n\n\n\n<p>Les conseils de distribution actuels de l&rsquo;OCRCVM deviendront des conseils r\u00e9gionaux, qui auront un r\u00f4le consultatif aupr\u00e8s du personnel du nouvel OAR sur les questions de politique r\u00e9glementaire r\u00e9gionale. Il est propos\u00e9 qu&rsquo;il y ait un Conseil national et sept Conseils r\u00e9gionaux, compos\u00e9s de courtiers membres de chaque r\u00e9gion (telle que d\u00e9finie). Un nouveau comit\u00e9 de nomination sera charg\u00e9 de nommer les membres des comit\u00e9s d&rsquo;audition de district.<\/p>\n\n\n\n<p>En outre, le nouvel OAR disposera de nouveaux m\u00e9canismes formels de participation des investisseurs, notamment un comit\u00e9 consultatif des investisseurs et un bureau des investisseurs.<\/p>\n\n\n\n<p>Le nouvel OAR continue de planifier l&rsquo;\u00e9laboration d&rsquo;un mod\u00e8le de tarification appropri\u00e9. \u00c0 titre provisoire, les structures et mod\u00e8les de tarification existants de l&rsquo;OCRCVM et de la MFDA seront initialement maintenus par le nouvel OAR, de m\u00eame que les crit\u00e8res existants pour l&rsquo;acc\u00e8s \u00e0 la qualit\u00e9 de membre et la fourniture de services de r\u00e9gulation.<\/p>\n\n\n\n<p>En ce qui concerne les r\u00e8gles, le nouvel OAR adoptera initialement des r\u00e8gles provisoires qui int\u00e8grent les exigences r\u00e9glementaires des r\u00e8gles de l&rsquo;OCRCVM et de l&rsquo;ACCFM, qui comprennent les RUIM. Les r\u00e8gles provisoires comprennent des propositions visant \u00e0 (i) modifier les exigences actuelles de l&rsquo;OCRCVM en mati\u00e8re de comp\u00e9tence afin de permettre aux soci\u00e9t\u00e9s doublement inscrites d&#8217;employer des personnes titulaires d&rsquo;un permis de fonds communs de placement seulement sans avoir \u00e0 am\u00e9liorer leurs comp\u00e9tences pour les rendre conformes \u00e0 celles exig\u00e9es d&rsquo;une personne titulaire d&rsquo;un permis de valeurs mobili\u00e8res, et (ii) permettre les ententes de courtiers introducteurs\/transporteurs entre les courtiers en fonds communs de placement et les courtiers en valeurs mobili\u00e8res.<\/p>\n\n\n\n<p>L&rsquo;OAR s&rsquo;efforcera d&rsquo;harmoniser les programmes de formation continue, mais pour l&rsquo;instant, les exigences actuelles en mati\u00e8re de formation continue continueront de s&rsquo;appliquer.<\/p>\n\n\n\n<p>Au Qu\u00e9bec, les r\u00e8gles du nouvel OAR pr\u00e9voient que le pouvoir de prendre des d\u00e9cisions relatives \u00e0 la supervision des activit\u00e9s de l&rsquo;OAR au Qu\u00e9bec sera exerc\u00e9 principalement par des personnes r\u00e9sidant au Qu\u00e9bec, et que les plaintes seront transmises au personnel du nouvel OAR \u00e0 Montr\u00e9al ou \u00e0 l&rsquo;AMF. Les membres des comit\u00e9s d&rsquo;audition du nouvel OAR concernant les r\u00e9sidents du Qu\u00e9bec seront eux-m\u00eames des r\u00e9sidents du Qu\u00e9bec. Les soci\u00e9t\u00e9s inscrites comme courtiers en \u00e9pargne collective au Qu\u00e9bec se joindront au nouvel OAR, mais il y aura une p\u00e9riode de transition pour leurs activit\u00e9s au Qu\u00e9bec et leurs honoraires seront calcul\u00e9s au prorata des services qui leur seront offerts par le nouvel OAR.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Aper\u00e7u des commentaires du Conseil :<\/h2>\n\n\n\n<p>Le Conseil est favorable \u00e0 la cr\u00e9ation du nouvel organisme d&rsquo;autor\u00e9glementation (OAR). Nous sommes heureux de constater que bon nombre de nos commentaires ont \u00e9t\u00e9 pris en compte et que la structure, le mandat et les processus propos\u00e9s pour le nouvel OAR constitueront une \u00e9tape positive dans la r\u00e9glementation canadienne des valeurs mobili\u00e8res en vue d&rsquo;accro\u00eetre la protection des investisseurs, la responsabilit\u00e9 \u00e0 l&rsquo;\u00e9gard de l&rsquo;int\u00e9r\u00eat public et la transparence.<\/p>\n\n\n\n<p>Nos principaux commentaires sont r\u00e9sum\u00e9s ci-dessous :<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Nous saluons la nouvelle structure de gouvernance qui exige une nette majorit\u00e9 d&rsquo;administrateurs ind\u00e9pendants et de pr\u00e9sidents ind\u00e9pendants du conseil d&rsquo;administration et des principaux comit\u00e9s.<\/li>\n\n\n\n<li>Nous saluons \u00e9galement les nouvelles mesures visant \u00e0 assurer la transparence des processus d\u00e9cisionnels du nouvel OAR, en particulier la suppression du mandat de prise de d\u00e9cision r\u00e9glementaire des conseils r\u00e9gionaux et son remplacement par un r\u00f4le consultatif uniquement.<\/li>\n\n\n\n<li>Nous soutenons la proposition de cr\u00e9ation d&rsquo;un groupe consultatif d&rsquo;investisseurs et d&rsquo;un bureau des investisseurs.<\/li>\n\n\n\n<li>Nous pensons qu&rsquo;il sera essentiel que le conseil d&rsquo;administration (en collaboration avec le personnel) identifie d\u00e8s le d\u00e9but les principes directeurs et les indicateurs cl\u00e9s de performance qui permettront de contr\u00f4ler la bonne ex\u00e9cution des mandats et d&rsquo;en rendre compte r\u00e9guli\u00e8rement dans un souci de transparence.<\/li>\n\n\n\n<li>Nous restons d&rsquo;avis que les personnes inscrites devraient \u00eatre fortement encourag\u00e9es (et potentiellement mandat\u00e9es si ou quand elles sont correctement fond\u00e9es sur la recherche et le d\u00e9veloppement de politiques connexes) \u00e0 poursuivre une norme plus \u00e9lev\u00e9e de comp\u00e9tence minimale, de d\u00e9veloppement continu des comp\u00e9tences, de professionnalisme et de fourniture de conseils centr\u00e9s sur l&rsquo;\u00e9thique aux clients.<\/li>\n\n\n\n<li>Nous pensons qu&rsquo;il est dans l&rsquo;int\u00e9r\u00eat public de maintenir la responsabilit\u00e9 de la fonction de surveillance du march\u00e9 au sein du nouvel OAR.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>T\u00e9l\u00e9charger le PDF : CSA Staff Notice and Request for Comment 25-304 Application for Recognition of New Self-Regulatory Organization R\u00e9sum\u00e9 de la lettre : La demande d&rsquo;approbation fait suite aux recommandations formul\u00e9es dans l&rsquo;expos\u00e9 de position 25-404 du CAC visant \u00e0 fusionner les deux OAR existants, l&rsquo;OCRCVM et l&rsquo;ACCFM, en un seul organisme d&rsquo;autor\u00e9glementation (le [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[109],"tags":[],"class_list":["post-2334","post","type-post","status-publish","format-standard","hentry","category-csa-fr"],"acf":[],"featured_image_src":null,"author_info":{"display_name":"katie@sparkadvocacy.ca","author_link":"https:\/\/cfacanada.org\/fr\/author\/katiesparkadvocacy-ca\/"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CSA Staff Notice and Request for Comment 25-304 Application for Recognition of New Self-Regulatory Organization - CFA Societies Canada<\/title>\n<meta name=\"description\" content=\"The Council is supportive of the creation of the New Self-Regulatory Organization (SRO). 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