Client Focused Reforms (CFR) And Retail Investor Protection

After a prolonged consultation process, on 3 October 2019, the Canadian Securities Administrators (CSA) published a revised version of the Client Focused Reforms proposed in June 2018. These reforms attempt to have clients’ interests come first in transactions with firms and individuals. “Best interests” is all about the outcome, and therefore all about eliminating influences that may detract or conflict with the achievement of that outcome. Registration categories will...