Industry News

B.C. reveals details of new advisor registration rules

(June 23, 2004) Advisors working for IDA and MFDA firms in B.C. will no longer be required to individually register with the province’s securities regulator, under B.C.’s proposed new securities act. The British Columbia Securities Commission (BCSC) published details of its new rules this week. The commission is introducing firm-only registration, giving companies the responsibility […]

By Doug Watt |June 23, 2004

2 min read

Industry

Cross-pillar deals unlikely: Experts

(June 23, 2004) The Canadian financial services industry is in good shape, but investors shouldn’t get too excited about the rumours of insurance firms buying up banks, according to the Standard & Poor’s Canadian Financial Institutions Sector Briefing. Even if regulators were inclined to approve so-called “cross-pillar” consolidation plays, they are unlikely to happen any […]

By Steven Lamb |June 23, 2004

3 min read

Industry

Fair dealing model to be simplified, says OSC chair

(June 22, 2004) The Ontario Securities Commission’s (OSC) controversial fair dealing model will be simplified and refocused, says commission chair David Brown, following input from working groups and some negative industry reaction. Six working groups, including 160 volunteers, have been studying the fair dealing concept — a fundamental shift from product-based to relationship-based regulation — […]

By Doug Watt |June 22, 2004

2 min read

Industry

Briefly:

(June 25, 2004) The Ontario government has tabled long-awaited legislation that would limit liability for income trust investors. The Trust Beneficiaries’ Liability Act was reintroduced in Ontario’s spring budget after the previous government failed to pass the legislation. Under the terms of the act, the beneficiaries of a trust would not be liable in the […]

By Staff |June 21, 2004

6 min read