TORONTO, June 12, 2013 /CNW/ - The Canadian Securities Administrators (CSA) announced today that the
Ontario Securities Commission (OSC) will host a panel discussion on
July 23, 2013 to focus the dialogue on the issues identified in CSA
Consultation Paper 33-403 - The Standard of Conduct for Advisers and Dealers: Exploring the
Appropriateness of Introducing a Statutory Best Interest Duty When
Advice is Provided to Retail Clients.
The panel discussion is part of the CSA's ongoing effort to explore the
potential benefits and competing considerations of introducing a
statutory fiduciary, or 'best interest', standard for advisers and
dealers when they provide advice to retail clients. The CSA has already
scheduled roundtables on June 18, 2013 (geared toward investors), and
on June 25, 2013 (geared towards industry).
The panel discussion on July 23, 2013, from 10 a.m. to 12 p.m. will
focus the dialogue, building on the roundtables in June, with a panel
discussion designed to reflect the diversity of views on this issue.
Panelists will be selected to reflect the various perspectives on a
'best interest' standard. The session will take place on the 22nd floor
of the OSC's offices located at 20 Queen Street West in Toronto,
Ontario. Further details, including the final agenda, will be provided
closer to the event date.
Those interested in observing the panel discussion are asked to send an
e-mail to email@example.com by Monday, July 8, 2013.
The CSA, the council of the securities regulators of Canada's provinces
and territories, co-ordinates and harmonizes regulation for the
Canadian capital markets.
SOURCE: Canadian Securities Administrators
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