The CSA released its long-awaited proposals to address the client-registrant relationship. The IIAC is pleased the CSA has proposed a harmonized approach and moved away from an overarching best interest standard that would have created confusion and negative consequences for advisors and their clients.

The IIAC will respond vigorously within the 120-day comment period, engaging with member firms, to put forward recommendations for more practical and cost-effective rules and greater clarity in terms of expected conduct.

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