Industry News

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Industry

Briefly:

The Investment Industry Regulatory Organization of Canada has announced the implementation of its new complaint handling standards for member firms, which come into effect February 1, 2010. Under the new standards, IIROC-regulated firms must meet tighter timelines for acknowledgement, investigation and response to client complaints. Under the new standards the firm has five business days […]

By Staff |December 21, 2009

2 min read

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Industry

Investing will be a tough sell in 2010

A pair of new studies suggest Canadians will be tight-fisted with their money in 2010, choosing to pay down debt rather than investing. However, Canadians are still finding a way to keep up with their charitable donations. A new Harris/Decima survey conducted for Edward Jones asked more than 1,000 Canadians what their top financial priority […]

By Mark Noble |December 21, 2009

4 min read

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Industry

Regulators to consider ABCP settlements

Regulators have announced hearings to consider settlements with firms involved in the sale of non-bank asset backed commercial paper, the market for which collapsed in 2007. The Investment Industry Regulatory Organization of Canada will convene a hearing panel on Monday to consider settlement agreements reached with Canaccord Financial, Credential Securities, and Scotia Capital. According to […]

By Steven Lamb |December 18, 2009

1 min read

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Industry

Briefly:

In the coming year, the Ontario Securities Commission will conduct a review of compliance with the requirements of National Instrument 58-101 Disclosure of Corporate Governance Practices. The review will involve assessing the adequacy of corporate governance disclosure in information circulars (or annual information forms or annual management’s discussion and analysis, if applicable) filed by issuers […]

By Staff |December 18, 2009

2 min read