FSRA also reiterated that it wants clients to be protected from seg fund deferred sales charges, regardless of when the funds were purchased
Proposal would eliminate regulatory arbitrage between seg funds and mutual funds
Consultation on improving, harmonizing fund disclosure remains open until July 27
CSA, CCIR propose new cost reporting requirements for investment and seg funds
CCIR-CISRO proposals aim to align incentive structures with fairness principles
Editorial: Closing the gap between insurance and securities rules removes a tangible risk for clients
CCIR, CISRO consultation will also consider outright ban on upfront commissions
At a joint meeting, regulators focused on harmonizing total cost reporting for mutual funds and seg funds
Document outlines key principles that regulators expect insurers and intermediaries to engrain into their daily practices
Proposal aims to “foster discussions between regulators, insurers and intermediaries on market conduct”