CSA ADJUST IMPLEMENTATION DATE FOR CLIENT FOCUSED REFORMS
The IIAC welcomes the CSA announcement that it is providing member firms with an additional six months—until June 30, 2021—to implement the conflicts of interest provisions in the Client Focused Reforms.
The relationship disclosure provisions of the Client Focused Reforms will now take effect on December 31, 2021 (instead of December 31, 2020), at the same time as all other remaining changes. There is now one implementation date for all parts of the Relationship Disclosure Information Provisions, as requested by the IIAC.
While the IIAC requested that these reforms take effect in June 2022, we appreciate the CSA has recognized the enormous and unprecedented challenges member firms are facing as a result of the pandemic and the priority to focus their resources to meet the current needs of clients.
If you have any questions, please contact Michelle Alexander.