Page 12 - பார்த்தேன் லாட்னேற் கேருவைச் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Implications de la réforme de connaissance du produit
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Women in Business Awards to be presented June 16
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Michelle Schriver
This article is the first in a series covering the changes taking place this year some on June 30, others on Dec. 31 as the Canadian Securities Administrators’ client-focused reforms are implemented.
As regulators require greater disclosure about conflicts, advisors and firms should be considering compensation more carefully.
The client-focused reforms (CFRs) related to conflicts come into effect on June 30. Dealers and advisors must identify and address material conflicts in clients’ best interests, and provide written disclosure of material conflicts to clients. Conflicted compensation, including both embedded commissions and direct compensation for sales, is among the key conflicts to address.
Staff
Royal Bank of Canada (RBC) executive David Lang has been named chairman of the Investment Industry Association of Canada (IIAC).
IIAC announced that Lang, global chief compliance officer at RBC, will chair its board for 2021–2022.
Roger Casgrain, executive vice-president at Montreal-based Casgrain & Co. Ltd., was named vice-chairman.
“I am honoured to serve as IIAC board chair, and I eagerly anticipate working with my colleagues as fellow directors,” Lang said in a release.
“These have been tumultuous times for everyone and I look forward to collaborating with the IIAC, the board of directors, and the investment community in our mutual aim to see Canadian markets and the Canadian economy thrive,” he added.
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