Regulatory Bulletins
Advocis issues special bulletins on key developments and breaking news affecting the financial advisory profession.
Archived bulletins
2009 - 2010 Regulatory bulletins
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British Columbia Securities Commission Survey on Financial Services - Jan. 2010
The British Columbia Securities Commission (BCSC) has requested the input of Advocis members in British Columbia.
As you may recall, prior to National Instrument 31-103, Registration Requirements and Exemptions, coming into force, under NI 45-106, Prospectus and Registration Exemptions, a person was exempt from the dealer registration requirements when trading in securities in connection with a distribution made through the following methods:
- accredited investor exemption
- family, friends and business associates exemption
- offering memorandum exemption
- inimum investment amount – $150,000 or more.
Bulletin #031-01-10 - January 2010 [PDF 53KB]
Call to Action - Alberta Advisors: Help us, help you – Jan. 2010
Contact your MLA in support of allowing advisors to incorporate
Advocis has been working with the Alberta Securities Commission and the Alberta Ministry of Finance over the past two years to obtain the right of mutual fund and securities registered financial advisors to be able to incorporate and have their commissions paid to corporations. A detailed proposal accompanied by legal research has been sent to various levels within government, including the Minister of Finance.
Bulletin #030-01-10 - January 2010 [PDF 59KB]
Pension Reforms Need To Improve Coverage For Canadians – September 2009
Advocis Releases Commissioned Report “Encouraging Small and Medium Sized Firms to Participate in Pension Plans”
Pension coverage, retirement income adequacy and the need for pension reforms have become urgent public policy issues. Advocis established in 2007 a Pension Task Force whose mandate is to promote a sound pension system, to help ensure plan sustainability from both an employer and employee perspective, and to stimulate higher levels of plan sponsorship.
Bulletin #29-09-09 – September 2009 [PDF 50KB]
Encouraging Small and Medium Sized Firms to Participate in Pension Plans -
Full report [PDF 297KB]
Encouraging Small and Medium Sized Firms to Participate in Pension Plans -
Executive Summary [PDF 39KB]
Regulatory Bulletin for Manitoba Members of Advocis – June 2009
Recent Changes by the Insurance Council of Manitoba
This bulletin provides information on recent changes, effective June 1, 2009, by the Insurance Council of Manitoba which include a new Code of Conduct, changes to continuing education requirements, a new format and procedure for replacement of life insurance, and revised Life Insurance Agents and Accident and Sickness Insurance Agent Rules.
Bulletin #27-06/09 - June 2009 [PDF - 52KB]
To Newfoundland and Labrador Members of Advocis - May 2009
Advocis disappointed at passing of Bill 11
Despite many representations to the government about the significant consequences to consumers associated with in-branch sale of life and health insurance, the Government of Newfoundland and Labrador has passed into law Bill 11 (An Act Respecting Credit Unions). The bill will remove the restrictions to allow in-branch sale of insurance. While insurance licensing requirements will apply, the government is taking away the ultimate form of consumer protection and putting consumers at risk of harm from tied selling and privacy violations.
Bulletin #26-05/09 - May 2009 [PDF - 60KB]
Registered Deposit Brokers Association (RDBA) moves to SRO status - February 2009
Financial institutions require independent financial advisors and deposit broker firms placing deposits with FIs to be members
Bulletin #25-02/09 - February 2009 [PDF - 46KB]