PROPOSED REVISIONS TO FSRA GUIDANCE – SUPERVISION GUIDANCE AND APPLICATION GUIDANCE
The IIAC submitted a comment letter to FSRA on its proposed revisions to its Supervision Guidance and Application Guidance. We continued to advocate for an exemption for SRO registrants, noting that through the extensive regulatory framework of the CSA, MFDA and IIROC, investors have the confidence that registrants with FA and FP titles hold credentials issued by a regulator, are qualified to provide financial advisory and planning services, meet minimum standards for use of their titles, and have the appropriate educational requirements.
If you have any questions, please contact Michelle Alexander.