Proposed Amendments respecting Reporting, Internal Investigation and Client Complaint Requirements
The IIAC submitted a comment letter in response to IIROC’s consultation on Proposed Amendments Respecting Reporting, Internal Investigations and Client Complaint Requirements. The IIAC response highlighted several changes that, if adopted, would significantly increase the complaint reporting and investigation obligations of dealers without investor benefit. The IIAC also noted that this consultation should be conducted after the consolidated rules of the New SRO are published so that all stakeholders, including Mutual Fund Dealers, are provided with an opportunity to comment.