1. Individual mandatory licensing

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.

• AGM Resolution regarding mandatory individual insurance licensing

• Advocis applauds Supreme Court of Canada ruling in insurance case – News release, May 31, 2007

• Advocis Submission to the Supreme Court of Canada – March 28, 2006

• Advocis continues its defence of financial advisors and consumers – News release, April 22, 2006

• Fighting for Advisors, All the Way to the Supreme Court of Canada – News release, March 15, 2006

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.

• Submission to the Canadian Securities Administrators (CSA) re: The CSA's Proposed Registration Requirements, National Instrument 31-103 – June 27, 2007

• Advocis' Response to the Ontario Securities Commission's Proposed "Fair Dealing Model" – April 30, 2004

3. Securities-based regulation for insurance products

As many of 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.

• Submission on the Proposed Framework 81-406 Point of Sale Disclosure for Mutual Funds and Segregated Funds – October 15, 2007

• Submission re: Guidance Notes for the Marketing and Sale of Segregated Funds – November 2, 2007

• Insurance Council of Saskatchewan Releases Revised Segregated Fund Marketing Guidance Notes Proposal – Special Bulletin #015-10/07

• Submission re: Proposed Segregated Fund Marketing Guideline – August 3, 2007