IFIC Makes Submission to CSA on Title Reform

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TORONTO, Sept. 14, 2018 (GLOBE NEWSWIRE) -- The Investment Funds Institute of Canada (IFIC) today offered the Canadian Securities Administrators (CSA) its recommendations on title reform for securities registrants.

“IFIC believes that determining consistent, clear titles for registrants will improve investor understanding of and confidence in the investment funds industry,” said Paul Bourque, President & CEO, IFIC. “The objective of our proposal is to pro-actively offer the industry’s practical suggestions on how to create clarity for consumers in this challenging area.”

IFIC’s submission, which includes specific title recommendations, is grounded in three guiding principles: that titles describe the functions of the person providing the service; that the provision of advice is properly and fully reflected; and that titles are clear to the average investor.

In its submission, IFIC also encourages the CSA to work with other financial services industry regulators to harmonize titles for service providers across all financial services.

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The Investment Funds Institute of Canada is the voice of Canada’s investment funds industry. IFIC brings together 150 organizations, including fund managers, distributors and industry service organizations, to foster a strong, stable investment sector where investors can realize their financial goals. By connecting Canada’s savers to Canada’s economy, our industry contributes significantly to Canadian economic growth and job creation. The organization is proud to have served Canada’s investment funds industry and its investors for more than 50 years. To learn more about IFIC, please visit . 

For more information please contact: Lisa HallSenior Manager, Communications and Public Affairs416-309-2317

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Globe Newswire: 17:05 GMT Friday 14th September 2018

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