The British Columbia Securities Commission (BCSC) has published for comment proposed amendments to MFDA rule 1.2.5 (misleading business titles prohibited). In an effort to prevent investor confusion, the proposed amendments establish minimum proficiency requirements for approved persons using the title “financial planner.” The proposal would restrict the use of “financial planner” to those who receive approval or obtain specified designations or certifications.
The BCSC publish the proposals on October 27.
Advisor.ca – Staff – October 31, 2016.
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