1. Individual Mandatory Licensing for Anyone Selling Life and Health Insurance. Advocis believes that imposing mandatory licensing for all individuals selling any type of insurance product will ensure that Canadian consumers receive qualified financial advice regarding complex financial products provided by informed and licensed professionals.
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3. The Regulation of Segregated Funds and Mutual Funds. As many Advocis members are subject to two provincial regulatory regimes (insurance and securities), we would like to see regulatory harmonization that is principles-based and focused on outcomes.
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2. Client Relationship Model. Advocis is concerned that the Canadian Securities Administrators’ Client Relationship Model (CRM), formerly known as the Fair Dealing Model, is a prescriptive rules-based approach to regulation that will not prevent misconduct in the marketplace nor ensure consumer protection.
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Regulatory Affairs

Regulations directly impact the business practices of today’s financial advisors. Our job is to eliminate unnecessary red tape and reduce compliance costs, while protecting the livelihood and interests of professional advisors. Our goal is to promote a sound regulatory system that allows advisors to fully meet the needs of consumers in a competitive marketplace.