“Industry groups and associations, as well as investor advocacy groups, have all expressed a desire to change the current regulatory framework in light of the changing business environment, customer needs and expectations,” it said. Some commenters complain that maintaining IIROC and MFDA continues to double compliance costs and leads to differing interpretations of similar rules. … Read more
“Democracy in Tunisia is a settled issue and the next political deadlines announced by the President of the Republic represent a step towards consolidating a solid and durable democratic system that responds to the aspirations of the Tunisian people and guarantees their rights and freedoms,” he said Minister for Foreign Affairs, Migration and Tunisians Abroad … Read more
In general, before the pandemic, several brokers were working to streamline their processes for welcoming new clients. Some already offered an electronic signature tool, a kind of capstone that made this modernization possible. The pandemic has forced companies to anticipate technological investments in this direction and regulators to grant regulatory relaxations to make it possiblewhile … Read more
The Board of Directors of the new SRO will consist of a majority of independent directors, including its Chair. Several directors should have experience in matters affecting the interests of investors. An investor interest advisory group will be established and funded. The Regulatory Advisory Board should also be composed of investor and public representatives. The … Read more
TORONTOMarch 10, 2022 /PRNewswire/ — The Investment Industry Regulatory Organization of Canada (IIROC) has released its 2021-2022 Compliance Priorities Report, Helping brokers comply with the rules. This report provides a summary of recent regulatory changes and issues that IIROC-regulated investment firms should focus on to protect investors and promote healthy capital markets in Canada. This … Read more
Do you want to invest in the US market but are hesitating between ZSP and VFV? Don’t worry, we demystify everything for you! Buying Canadian ETFs (Exchange Traded Funds) that track a US stock market index (like the S&P 500 Index) is one of the best and easiest ways to invest in the US market … Read more
A one percentage point difference in a mutual fund’s performance can be worth tens of thousands of dollars over the long run. This is how you easily get that “little” extra. Do you hesitate among the dozens of Canadian equity mutual funds? Looking for the best US equity manager? You are determined to achieve the … Read more
Calculation of distributions At the beginning of each year, the Class T Fund takes into account the market value of the investment at the end of the previous year to determine the distribution amount. For example, if the price per share on December 31st is $11.50 and the fund is a T5 class, the annual … Read more
Also Read – Special LDPSF File According to Pierre Lortie, the FISF is inspired by the remuneration mechanisms established by the Order of Chartered Accountants of Quebec, or the Quebec Chamber of Notaries. “The principles underlying the regulation of mutual fund dealers and the FISF focus on the agent as a professional, to the exclusion … Read more
There are only a few days left to reduce the tax payable on distributions from multiple mutual funds. Download the document Mutual fund distributions are generally distributed between December 15th and 24th. Investors therefore have an interest in examining certain tax strategies to avoid a tax bill next year. These annual distributions are actually taxable … Read more