Advocis, The Financial Advisors Association of Canada, is calling on the Canadian Council of Insurance Regulators (CCIR) to find some way to better harmonize the nation-wide implementation of its regulatory solutions.
“There has been much progress on developing, through national organizations, a harmonized approach to regulation and much time and resources are devoted to it,” Advocis says in a February 2010 submission to the CCIR.
“However, when it comes to implementation, one or more provinces may develop its own regulatory regime that does not mirror the harmonized solution proposed by the national organization.”
Canadian Underwriter.ca – March 8, 2010.
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