IIAC RESPONDS TO SASKATCHEWAN’S PROPOSED REGULATIONS FOR FINANCIAL PLANNERS AND FINANCIAL ADVISORS
Certain provinces such as Ontario, Saskatchewan and New Brunswick have introduced a financial planners and financial advisors Act to regulate the use of titles such as ‘financial planner’ and ‘financial advisor’. They require anyone wanting to use these titles to hold appropriate credentials from an approved credentialing body. The IIAC agrees that these titles should be regulated in efforts to avoid investor confusion, but believes SRO registrants should be exempt from these provincial initiatives with due regard to their obligations respecting titling pursuant to the Client Focused Reforms.
The IIAC recently submitted comments to the Financial and Consumer Affairs Authority (FCAA) of Saskatchewan on its Proposed Regulations for the financial planners and financial advisors Act. Click here to read our comment letter.
For more information, please contact Michelle Alexander.