ASC to explore reforms to embedded commissions

first_imgOSC announces key details for embedded commissions roundtable Facebook LinkedIn Twitter IIROC fines Worldsource $100,000 Share this article and your comments with peers on social media Related news Trailer ban comes with industry rebuke The ASC will host a session in Calgary on Oct. 23, and in Edmonton on Oct. 24, to consider issues raised in a consultation paper published back in January, which proposes banning embedded commissions and requiring firms to charge investors directly instead. “These sessions are being held as part of our ongoing consultation process on this matter,” the ASC says its announcement. Next week, the British Columbia Securities Commission will also host an open meeting on the subject. It’s not yet clear what type of action regulators will take to address the investor protection concerns posed by embedded compensation models, which create conflicts of interest, limit investors’ bargaining power, and may distort the market for advice. Recently, the Ontario Securities Commission (OSC) held a roundtable session in Toronto to examine possible alternatives to banning trailer fees, and other forms of embedded compensation. While the industry is pushing back against a ban, Maureen Jensen, OSC chairwoman and CEO, told the roundtable audience that “the status quo is not an option.” The OSC has indicated that it hopes to reach a policy decision by the spring of 2018. Read: Debate on trailer fees heats up Photo copyright: enki/123RF The Alberta Securities Commission (ASC) on Friday announced plans for a pair of meetings later in the month on proposed reforms to discontinue embedded commissions. Regulators celebrate World Investor Week and Investor Education Month Keywords Embedded commissionsCompanies Alberta Securities Commission James Langton last_img read more

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Have Your Say in Equestrian Canada Community Feedback Forums

first_img SIGN UP Email* More from News:MARS Bromont CCI Announces Requirements For US-Based RidersThe first set of requirements to allow American athletes and support teams to enter Canada for the June 2-6 competition have been released.Canadian Eventer Jessica Phoenix Reaches the 100 CCI4*-S MarkPhoenix achieved the milestone while riding Pavarotti at the inaugural 2021 CCI4*-S at the Land Rover Kentucky Three-Day Event.Tribunal Satisfied That Kocher Made Prolonged Use of Electric SpursAs well as horse abuse, the US rider is found to have brought the sport into disrepute and committed criminal acts under Swiss law.Washington International Horse Show Returns to TryonTIEC will again provide the venue for the WIHS Oct. 26-31 with a full schedule of hunter, jumper and equitation classes. Horse Sport Enews We’ll send you our regular newsletter and include you in our monthly giveaways. PLUS, you’ll receive our exclusive Rider Fitness digital edition with 15 exercises for more effective riding. Subscribe to the Horse Sport newsletter and get an exclusive bonus digital edition! Equestrian Canada (EC) is working to become a more diverse, inclusive and equitable organization, with the long-term goal of fully integrating these values into Canadian equestrian sport at large.We want to hear from you on how we can best achieve this goal. Please register for the opportunity to join an online forum facilitated by Grace McDonell, an Associate at Fasken law firm and LGBTQ2S+ advocate, to share your thoughts on the state of Canadian equestrian sport and what EC can do to improve in the aforementioned areas.The feedback shared during these sessions will be used to guide EC’s analysis of how we can improve our organizational architecture, programs and services to provide a safe and welcoming sport environment for all. It is critical that this in-depth review is guided and informed by the lived experiences of Canadian equestrians and sport participants. These forums are a valuable step in the ongoing conversation with the community that EC is dedicated to continuing moving forward.In order to facilitate constructive conversation, forums will be limited to 15 of people with a maximum of five forums schedule for 1.5 hours for this first step. Priority for participation will be given to people who identify as Black, Indigenous or People of Colour (BIPOC), LGBTQ2S+, those from the new Canadian and refugee communities, and those with physical or intellectual disabilities. Participants must be 2019 and/or 2020 EC Sport Licence Holders.Participation in this feedback forum is free. Participants will receive a discount on their 2021 EC Sport Licence and an EC clothing pack while supplies last*.If you are interested in participating in a community feedback forum, please click on the below link to register:Register Here Tags: Equestrian Canada, inclusion, forum, diversity, equality, last_img read more

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