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Advisor Voice

Exclusive to Advocis members, Advisor Voice is the financial advisor’s own newsletter. It keeps you informed on important topics. Advisor Voice is mailed to members.

Advisor Voice Archives – Back issues of Advisor Voice

CURRENT ISSUE

ADVISOR VOICE Fall 2011

ARA Symposium on Regulatory & Product Convergence Reveals Increasing Importance of Advisor’s Role

Advocis’ 3rd Annual Regulatory Affairs Symposium took place in Toronto on November 23, 2011, at the historic Le Méridien King Edward Hotel. “Convergence – The Next Wave: New Products, Regulatory Responses and the Role of the Advisor,” addressed the problems posed by our industry’s growing regulatory and product convergence. Read on.

Advocis emphasizes value of advisor in Stage 2 of Point of Sale Disclosure For Mutual Funds

This past July, the Canadian Securities Administrators (CSA) released for comment its Proposed Amendments to National Instrument 81-101 Mutual Fund Prospectus Disclosure. Their main feature is that the amendments allow for delivery of the Fund Facts document to satisfy current prospectus delivery requirements within two days of purchase. The Fund Facts document is a concise, easy-to-read document intended to help investors better understand the mutual fund they have purchased. Read on.

CSA reviewing accredited investor and minimum amount exemptions

In light of the global financial crisis and recent international regulatory developments, securities regulators are concerned that certain classes of investors may not be suitable participants in Canada’s burgeoning exempt market. That’s why the Canadian Securities Administrators (CSA) recently issued for public consultation Note 45-401 – Review of Minimum Amount and Accredited Investor Exemptions. Read on.

B.C. Insurance Council issues proposals for supervision of new agents

Given concerns over the decline in oversight of new life insurance agents, the Insurance Council of British Columbia believes it is in the best interests of the public and the industry that there be a minimum standard of supervision for all new agents. Accordingly, the Council has published for comment proposed changes to its rules which will require a new agent to be under the direct supervision of a “qualified” life insurance agent for a minimum two year period. Read on.