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06/26/2015
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Registrant Outreach Workshop
June 26, 2015
WelcomeRegistrant Outreach Workshop
Sandy Jakab, BCSC
Status UpdatesRegistrant Outreach Workshop
Mark French, BCSC (Moderator)
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Denis Silva, BCSC
Crowdfunding & On‐line AdvisingRegistrant Outreach Workshop
Crowdfunding – Registered Funding Portals
• Text
On‐line AdvisingOn‐line Advising
• Technology neutral
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Registration Issues
Karin Armstrong, BCSC
Registration IssuesRegistration Issues
• Background searches
• Permitted individuals
• Registration changes ‐ deadlines
Questions
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CRM2 Transition UpdateRegistrant Outreach Workshop
Vida Mehin, BCSC
CRM2 AmendmentsCRM2 Amendments
• What?
• Why?
Who do they apply to?Who do they apply to?
• All dealers and advisers
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Who benefits from the amendments?
• Retail investors
CSA blanket order relief
More time to meet the 2015 requirements
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Market value determinationMarket value determination
• Prescribed hierarchy of valuation methods
Reporting position cost
Additional statementsEnhanced account statements
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Other statements
• Additional statements
• IFM account statements
• SPD statements
2016 investment performance reporting
2016 investment performance reporting
• No comparative data required
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Technical issues
Technical issues
Introducing the concept of “similar clients”
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Position transfer date disclosure
• Not required
IPF disclosure suspended
What do others think?
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Vida Mehin, Senior Legal Counsel
Tel: 604‐899‐6596
Registrant Outreach Workshop
Panel DiscussionCRM2 Topical Questions
Mark French, BCSC (Moderator)Jason Brooks, Borden Ladner GervaisMark Hughes, HughesLittle Investment Management Ltd.Kevin Kirkwood, Alitis Investment Counsel Inc.Vida Mehin, BCSC
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Householding
Account statements
Performance reporting
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Market value
Questions
