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CSA to release SRO reform recommendations this summer

CSA proposal to come could reshape oversight of investment, mutual fund dealers

by The Canadian Press Last Updated Feb 22, 2021 at 5:09 pm ADT TORONTO Canadian securities regulators say they will publish specific recommendations this summer after gathering feedback about whether the regulatory bodies for investment dealers and mutual fund dealers should be restructured or merged. The Canadian Securities Administrators says it will soon release a long-anticipated paper outlining its position on the future of the Investment Industry Regulatory Organization of Canada and Mutual Fund Dealers Association of Canada. Louis Morisset, CSA chair and chief executive of Quebec’s Autorité des marchés financiers, says the CSA’s forthcoming recommendations on the future of the two bodies will have a significant and long-lasting effect on investors and Canadian capital markets.

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