IIAC Working Groups bring member firm representatives together to discuss timely industry issues and provide comments to regulators. We are currently seeking volunteers to serve on:
Prospectus Exemptions Working Group
IIAC contact: Susan Copland
Fund Facts Working Group
IIAC contact: Michelle Alexander
On Thursday, March 27, 2014, Michelle Alexander, IIAC Vice President and Corporate Secretary, participated in a two-person panel discussion at the National Society of Compliance Professional’s annual Toronto Regional Conference. Joining Michelle on the panel was Paul Riccardi, Senior Vice President, Enforcement, Member Policy & Registration, IIROC, while Ellen Bessner, Partner, Babin Bessner Spry LLP, served as the moderator. The panel focused on the following areas:
• Changes in the regulators’ priorities and new rules for 2014; • Regulatory enforcement changes that have been made and how to manage; and • What is coming down the pike for exam … Continue reading
Please visit the IIAC’s Industry Job Board.
To post a job to the IIAC’s Industry Job Board, email the job description, as a Word attachment or PDF, to info@iiac.ca. Posting on our Job Board is free of charge. Please remember to include any relevant information such as the closing date and application instructions. You will be notified by email once the job is posted. For more information, please contact us.
The Financial Post’s Barbara Shecter provided the following perspective on TMX’s announcement that it will be expanding the private markets business for startups and entrepreneurs:
Canada’s largest public stock market operator is planning to offer capital raising and trading services in the growing private market.
The new business targeting the private “exempt” market will broaden TMX Group’s ability “ to serve companies throughout their evolution from start-up, to private issuer, to public issuer,” the Toronto-based exchange owner said in a statement.
The full article is available here.
We think the following article will be of interest to those in the industry working directly with clients:
No matter how successful your client relationships, occasional disagreements are almost inevitable. Whether you’re trying to persuade your client to contribute regularly to an RRSP or prevent him or her from taking money out of the markets and putting it into low-risk, low-return investments, there are times when you’ll have to defend your position and perhaps try to change a client’s mind.
That’s why it’s important to learn how to disagree and make your point — without being offensive or seeming like a … Continue reading
In response to today’s speech by Bank of Canada Deputy Governor Timothy Lane regarding the central bank’s views on global reforms for financial benchmarks, the IIAC issued the following statement:
In light of the investigations and enforcement actions regarding attempted manipulation of major international financial benchmarks, the IIAC and its member firms fully support measures aimed at reinforcing market confidence in these benchmarks which will certainly benefit investors and the real economy.
“Benchmark prices are at the core of traded financial markets. A sound framework that ensures accurate and representative prices, broad dissemination to investors, and is subject to vigorous … Continue reading
Date: April 24, 2014Breakfast and Registration: 7:00 a.m. – 7:30 a.m. Presentations: 7:30 a.m. – 9:00 a.m. Location: Saint-James Club, 1145 Union Avenue
The July 15, 2014, deadline for implementation of the Client Relationship Model Phase 2 (CRM2) is fast approaching.
Other major changes will take effect in July 2015 and 2016 that will impact relationships with your clients. These changes include:
Pre-trade disclosure of charges; Annual report on charges and other compensation; and Annual investment performance report.
If you are a supporter of the Cooperative Capital Markets Regulator (CCMR), you will no doubt welcome the news that Joe Oliver is our new Finance Minister. In the absence of Jim Flaherty, there is likely no one else on Parliament Hill more aware of the pressing need to (finally) introduce a national regulator in Canada.
After all, Finance Minister Oliver made a name for himself after spending the majority of his career on Bay Street, most recently as President and CEO of the IDA (now IIROC) following a lengthy and successful career at Merrill Lynch.
