IIROC is seeking comment on a proposal that would allow firms and individuals to conduct, under IIROC’s regulatory oversight, a business that is limited to mutual funds and exchange-traded funds.
Under this approach, IIROC would:
1. Eliminate its current requirement for firms and individuals to be qualified to offer a full range of investment products, and instead allow firms and individuals to offer only mutual funds and exchange-traded funds (with appropriate adjustments for the relative risk of such firms and individuals to IIROC’s proficiency, supervisory and oversight requirements); and…
Staff – Advisor.ca – November 26, 2015.
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