IIAC COMMENTS ON AMF PROPOSED FINANCIAL SECTOR COMPLAINT HANDLING AND DISPUTE RESOLUTION REGULATION
The IIAC appreciates the Draft Regulation’s objective of harmonizing complaint handling for financial sectors in Quebec.
Self-Regulatory Organizations provide a strict, efficient complaint handling framework for our members across Canada. The Draft Regulation may unintentionally give rise to investor harm. It also gives rise to increased and unnecessary regulatory burden for firms operating in Quebec and outside Quebec by creating a lack of harmony across provinces.
The IIAC strongly recommends that the AMF exempt firms regulated by Self-Regulatory Organizations from its Draft Regulation.
For more information, please contact Annie Sinigagliese.