Last week, CSA said it plans to release a consultation paper in late April proposing enhancements to the obligations of firms and advisors towards clients. This paper, CSA said, follows the regulators’ 2013 consultation on the appropriateness of introducing a statutory best interest standard where advice is given to retail clients.
While it’s still uncertain what we’ll get in April, you’ve picked the odds-on favourite if you think a best interest standard’s in the hopper.
Advisor – April 06, 2016.
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