The Financial Advisors Association of Canada / L'Assocation Des Conseillers En Finance Du Canada
Registration:
34
of
35
(2023-06-06
to
2023-09-12)
Legislative Proposal, Bill or Resolution
- Financial Institutions - Advocis will continue to participate in the review of the Bank Act (Federal Financial Sector Framework) to ensure that consumers are adequately protected and a level playing field is maintained as it relates to the insurance retailing restrictions.
- Securities Regulation: Participating in discussions regarding a National Securities Regulatory Framework
- The Ministry of Finance's proposed changes to the taxation of Canadian controlled private corporation
Legislative Proposal, Bill or Resolution, Regulation
- Cooperative Capital Markets Regulatory System - Capital Markets Stability Act - Advocis is seeking changes to the definition of securities to exclude the potential to capture provincially regulated insurance products such as segregated funds. The proposed legislation should include provisions for the incorporation of financial advisors.
- Industry - In discussions with Treasury Board regarding Red Tape Reduction.
Policies or Program
- Advocis will discuss possible programs and services related to increasing financial literacy of Canadians with the new Financial Literacy Leader and the Financial Consumer Agency of Canada
- Pensions - Participating in discussions regarding changes to the Retirement Income System to improve pension coverage and retirement income adequacy for Canadians.
Policies or Program, Regulation
- Advocis will be discussing the need to raise professional standards for financial advisors and will seek federal government support to encourage provincial governments to create financial advisor professional standards in provincial legislation and through internal trade agreements. This may also impact the federal government's involvement in securities regulation.