{"id":2370,"date":"2021-06-30T21:35:00","date_gmt":"2021-06-30T21:35:00","guid":{"rendered":"https:\/\/cfacanada.org\/iiroc-expert-investor-issues-panel\/"},"modified":"2024-03-14T16:30:50","modified_gmt":"2024-03-14T16:30:50","slug":"iiroc-expert-investor-issues-panel","status":"publish","type":"post","link":"https:\/\/cfacanada.org\/fr\/iiroc-expert-investor-issues-panel\/","title":{"rendered":"IIROC Expert Investor Issues Panel"},"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\">IIROC Expert Investor Issues Panel<\/h1>\n                                                                                            <\/div>\n                <\/div>\n                            <\/div>\n        <\/div>\n    <\/div>\n\n\n\n\n\n<h2 class=\"wp-block-heading\">Download PDF:<\/h2>\n\n\n\n<p><a href=\"https:\/\/www.cfasociety.org\/canada\/Comment%20Letters\/2021\/IIROC%20CFR%20Amendments%20DAS.pdf\">IIROC Expert Investor Issues Panel<\/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\">Letter Summary:<\/h2>\n\n\n\n<p>The Proposed Guidance would replace the existing KYC and suitability guidance in its entirety and is intended to conform IIROC\u2019s guidance in all material respects to the CSA\u2019s CFRs. The new guidance explains IIROC\u2019s expectations on the collection of KYC information, its interpretation of certain terms, its expectations on how dealers can in fact \u201cput the client\u2019s interest first\u201d and confirms that KYC requirements are not one-size fits all but depends on a member\u2019s business model, service offerings and clients. Similar to the MFDA\u2019s guidance, IIROC states that dealers should apply the guidance and the suitability determination requirement to all investment products IIROC is currently seeking input into the proposed framework of an Expert Investor Issues Panel, including its creation, structure, and operation. The Panel is intended to enhance IIROC\u2019s investor outreach efforts and help it accomplish its goal of investor protection. The framework includes provisions addressing membership composition, meetings, and responsibilities. The Request for Comments includes an appendix with a comparative study of similar panels of other public interest regulators.<\/p>\n\n\n\n<p><br><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Overview of the Council&rsquo;s Comments:<\/h2>\n\n\n\n<p>The Council is supportive of IIROC\u2019s intent to further expand the inputs it receives from an investor perspective.<\/p>\n\n\n\n<p>Our key comments are summarized below:<\/p>\n\n\n\n<p>\u2022 We believe that the Terms of Reference should be modified such that the composition of the Panel membership more directly reflects and promotes diverse perspectives.<br>\u2022 Members should be chosen by a nominating committee comprised solely by members of the IIROC Board\u2019s Corporate Governance Committee.<br>\u2022 If a member resigns or his\/her appointment term has expired, the Panel should have a mechanism to appoint new Panel members on its own authority without having to resort back to the nominating committee.<br>\u2022 Panel members should be explicitly provided with an ability to convene special or project-based meetings in addition to their prior scheduled quarterly meetings.<br>\u2022 Consideration should also be given to the funding and governance of Panel-directed research, surveys, and projects.<br>\u2022 Finally, we believe accountability should refer to the process for discussion and dispute resolution (if any is needed) between IIROC executives, the panel, and the IIROC Board.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Download PDF: IIROC Expert Investor Issues Panel Letter Summary: The Proposed Guidance would replace the existing KYC and suitability guidance in its entirety and is intended to conform IIROC\u2019s guidance in all material respects to the CSA\u2019s CFRs. The new guidance explains IIROC\u2019s expectations on the collection of KYC information, its interpretation of certain terms, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[111],"tags":[],"class_list":["post-2370","post","type-post","status-publish","format-standard","hentry","category-iiroc-fr"],"acf":[],"featured_image_src":null,"author_info":{"display_name":"Robert Decher","author_link":"https:\/\/cfacanada.org\/fr\/author\/robert\/"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>IIROC Expert Investor Issues Panel - CFA Societies Canada<\/title>\n<meta name=\"description\" content=\"The Council is supportive of IIROC\u2019s intent to further expand the inputs it receives from an investor perspective.Our key comments are summarized below:\u2022 We believe that the Terms of Reference should be modified such that the composition of the Panel membership more directly reflects and promotes diverse perspectives.\u2022 Members should be chosen by a nominating committee comprised solely by members of the IIROC Board\u2019s Corporate Governance Committee.\u2022 If a member resigns or his\/her appointment term has expired, the Panel should have a mechanism to appoint new Panel members on its own authority without having to resort back to the nominating committee.\u2022 Panel members should be explicitly provided with an ability to convene special or project-based meetings in addition to their prior scheduled quarterly meetings.\u2022 Consideration should also be given to the funding and governance of Panel-directed research, surveys, and projects.\u2022 Finally, we believe accountability should refer to the process for discussion and dispute resolution (if any is needed) between IIROC executives, the panel, and the IIROC Board.\" \/>\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\/iiroc-expert-investor-issues-panel\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IIROC Expert Investor Issues Panel - CFA Societies Canada\" \/>\n<meta property=\"og:description\" content=\"The Council is supportive of IIROC\u2019s intent to further expand the inputs it receives from an investor perspective.Our key comments are summarized below:\u2022 We believe that the Terms of Reference should be modified such that the composition of the Panel membership more directly reflects and promotes diverse perspectives.\u2022 Members should be chosen by a nominating committee comprised solely by members of the IIROC Board\u2019s Corporate Governance Committee.\u2022 If a member resigns or his\/her appointment term has expired, the Panel should have a mechanism to appoint new Panel members on its own authority without having to resort back to the nominating committee.\u2022 Panel members should be explicitly provided with an ability to convene special or project-based meetings in addition to their prior scheduled quarterly meetings.\u2022 Consideration should also be given to the funding and governance of Panel-directed research, surveys, and projects.\u2022 Finally, we believe accountability should refer to the process for discussion and dispute resolution (if any is needed) between IIROC executives, the panel, and the IIROC Board.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cfacanada.org\/iiroc-expert-investor-issues-panel\/\" \/>\n<meta property=\"og:site_name\" content=\"CFA Societies Canada\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-30T21:35:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-14T16:30:50+00:00\" \/>\n<meta name=\"author\" content=\"Robert Decher\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u00c9crit par\" \/>\n\t<meta name=\"twitter:data1\" content=\"Robert Decher\" \/>\n\t<meta name=\"twitter:label2\" content=\"Dur\u00e9e de lecture estim\u00e9e\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/cfacanada.org\\\/iiroc-expert-investor-issues-panel\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cfacanada.org\\\/iiroc-expert-investor-issues-panel\\\/\"},\"author\":{\"name\":\"Robert Decher\",\"@id\":\"https:\\\/\\\/cfacanada.org\\\/#\\\/schema\\\/person\\\/898859db69f08edb3c347c2b17946667\"},\"headline\":\"IIROC Expert Investor Issues Panel\",\"datePublished\":\"2021-06-30T21:35:00+00:00\",\"dateModified\":\"2024-03-14T16:30:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/cfacanada.org\\\/iiroc-expert-investor-issues-panel\\\/\"},\"wordCount\":369,\"articleSection\":[\"L\u2019Organisme canadien de r\u00e9glementation du commerce des valeurs mobili\u00e8res (OCRCVM)\"],\"inLanguage\":\"fr-FR\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/cfacanada.org\\\/iiroc-expert-investor-issues-panel\\\/\",\"url\":\"https:\\\/\\\/cfacanada.org\\\/iiroc-expert-investor-issues-panel\\\/\",\"name\":\"IIROC Expert Investor Issues Panel - 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