Canadian Securities Administrators

Canadian Securities Administrators

October 19, 2016 11:00 ET

Canadian Securities Regulators Use Videos to Raise Awareness About Client Reporting Requirements

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:

  • enhanced relationship disclosure information,
  • pre-trade disclosure of adviser fees and other charges,
  • expanded account statements,
  • annual reports on investment performance, and
  • annual reports on charges and compensation.

"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:

Quebec
877 525-0337
Alberta
403-355-4151
877-355-4488
British Columbia
604-899-6854
800-373-6393
Ontario
416-593-8314
877-785-1555
Manitoba
204-945-2548
800-655-5244
New Brunswick
866-933-2222
Nova Scotia
902-424-7768
855-424-2499
Prince Edward Island
902-368-4000
Newfoundland and Labrador
709-729-4834
Yukon
867-667-5466
800-661-0408 local 5466 (Yukon Only)
Nunavut
867-975-6591
Northwest Territories
867-767-9305

Contact Information

  • Alison Walker
    British Columbia Securities Commission
    604-899-6713

    Nicole Tuncay
    Alberta Securities Commission
    403-297-4008

    Jason (Jay) Booth
    Manitoba Securities Commission
    204-945-1660

    Jane Anderson
    Nova Scotia Securities Commission
    902-424-0179

    Kimberly Ryan
    Office of the Superintendent of Securities
    Newfoundland and Labrador
    709-729-2602

    Jeff Mason
    Nunavut Securities Office
    867-975-6591

    Shannon McMillan
    Financial and Consumer Affairs
    Authority of Saskatchewan
    306-798-4160

    Kristen Rose
    Ontario Securities Commission
    416-593-2336

    Sylvain Theberge
    Autorité des marchés financiers
    514-940-2176

    Andrew Nicholson
    Financial and Consumer Services
    Commission, New Brunswick
    506-658-3021

    Janice Callbeck
    Office of the Superintendent of Securities
    Prince Edward Island
    902-368-6288

    Rhonda Horte
    Office of the Yukon Superintendent of Securities
    867-667-5466

    Tom Hall
    Office of the Superintendent of Securities
    Northwest Territories
    867-767-9305