October 19, 2016 11:00 ET
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 19, 2016) - As part of October's Investor Education month, the Canadian Securities Administrators (CSA) is promoting four videos to raise awareness of changes to how advisers must report to their clients on the costs, performance, and value of their investments.
The changes to reporting requirements are part of an initiative called the Client Relationship Model Phase 2 (CRM2). Under these new requirements, advisers must provide investors with:
"It's important investors understand these new requirements under CRM2," said Louis Morisset, Chair of the CSA and President and CEO of the Autorité des marchés financiers. "CRM2 will improve adviser-client relationships through increased transparency on investment costs and performance, leading to better, more informed investment decisions. These videos present some of the basics of CRM2 in a straightforward and accessible manner, which should help build much-needed awareness."
Investors are encouraged to visit securities-administrators.ca for more information and resources on understanding investments and recognizing fraud. The CSA will also be promoting the videos through its Twitter account @CSA_News throughout the rest of Investor Education Month.
The CSA, the council of the securities regulators of Canada's provinces and territories, co-ordinates and harmonizes regulation for the Canadian capital markets.
For investor inquiries:
Alison WalkerBritish Columbia Securities Commission604-899-6713Nicole TuncayAlberta Securities Commission403-297-4008Jason (Jay) BoothManitoba Securities Commission204-945-1660Jane AndersonNova Scotia Securities Commission902-424-0179Kimberly RyanOffice of the Superintendent of SecuritiesNewfoundland and Labrador709-729-2602Jeff MasonNunavut Securities Office867-975-6591Shannon McMillanFinancial and Consumer AffairsAuthority of Saskatchewan306-798-4160Kristen RoseOntario Securities Commission416-593-2336Sylvain ThebergeAutorité des marchés financiers514-940-2176Andrew NicholsonFinancial and Consumer ServicesCommission, New Brunswick506-658-3021Janice CallbeckOffice of the Superintendent of SecuritiesPrince Edward Island902-368-6288Rhonda HorteOffice of the Yukon Superintendent of Securities867-667-5466Tom HallOffice of the Superintendent of SecuritiesNorthwest Territories867-767-9305
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