The Financial Advisors Association of Canada / L'Assocation Des Conseillers En Finance Du Canada
Registration:
9
of
35
(2013-01-03
to
2013-06-27)
Legislative Proposal, Bill or Resolution
- Bill C-12 - In discussions with the Minister of State (Seniors); Human Resources and Skills Development Canada with regards to Privacy Policy.
- Elder financial abuse and Bill C-12. Working with: The Minister of State (Seniors); Human Resources and Skills Development Canada.
- Financial Institutions -We participate in any review of the Bank Act to ensure that consumers are adequately protected and a level playing field is maintained.
- Securities Regulation: Participating in discussions regarding a National Securities Regulatory Framework
- Taxation - Changes to Harmonized Sales Tax (HST) rules and the Excise Tax Act so that all investment products have fair and equal tax treatment.
- Telecommunications - We participate in consultations and undertakings by the government related to the National Do Not Call List, The Unsolicited Telecommunications Rules and the Telecommunications Act to ensure that legitimate business uses of telecommunications can continue and our members can communicate with their clients and potential clients in an efficient manner. We would like to obtain equivalent treatment for our members regardless if the financial advisor is an insurance advisor as opposed to being an investment advisor by receiving an exemption from the Unsolicited Telecommunications Rules if making telecommunications to existing clients.
Legislative Proposal, Bill or Resolution, Policies or Program
- Financial Institutions - Changes to the proposed Canadian Securities Act ("Securities Act") to change the definitions of "advisor", "company", "person" and individual", as well as change policy approaches to regulation of capital markets.
- Taxation and Finance - We will participate in proposed amendments to the Goods and Services Tax ("GST")/Harmonized Sales Tax ("HST") treatment of financial services as set out in Bill C-9, the Jobs and Economic Growth Act and in any resulting changes to Canada Revenue Agency's GST/HST Notice No. 250 ("Notice 250").
Legislative Proposal, Bill or Resolution, Regulation
- Industry - In discussions with Treasury Board regarding Red Tape Reduction.
Policies or Program
- Pensions - Participating in discussions regarding changes to the Retirement Income System to improve pension coverage and retirement income adequacy for Canadians.
Regulation
- Financial Institutions - Proposed amendments to Canada Regulation 92-330 - Insurance Business (Banks and Bank Holding Companies) Regulations to have the regulations apply to insurance business activities of banks on their web-sites and the underlying policy intent that banks should separate insurance business from banking business.