SEEKING SENSE FOR FINANCIAL ADVISOR AND FINANCIAL PLANNER TITLES FOR SECURITIES REGISTRANTS
At a November 30, 2022, meeting with the Saskatchewan Ministry of Justice and Attorney General, and the Financial and Consumer Affairs Authority of Saskatchewan (“FCAA”), the IIAC discussed its request that financial advisors and financial planners licensed by the Canadian Securities Administrators (“CSA), the Investment Industry Regulatory Organization of Canada (“IIROC”) or the Mutual Fund Dealers Association of Canada (“MFDA”) be exempted from any further title regulation in that province. The IIAC thanks the Ministry and the FCAA for the discussion. The IIAC’s further correspondence to them is available here. The IIAC previously declined Saskatchewan’s proposals which seek to introduce requirements not needed in any other province.