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SOURCE Advocis, The Financial Advisors Association of Canada
TORONTO, Sept. 20, 2013 /CNW/ - Advocis, The Financial Advisors
Association of Canada, congratulates the federal, Ontario and British
Columbia governments on their decision to create a co-operative capital
markets regulatory system - a bold move to bring Canada one step closer
to a national securities regulator.
"Yesterday's announcement of a co-operative system brings new hope that
a more appropriate and efficient regulatory structure in Canada could
soon become a reality," said Greg Pollock, president and CEO of
Advocis, The Financial Advisors Association of Canada. "Advocis
continues to support any effort to establish a more responsive and
streamlined approach that will better protect investors while creating
more competitive capital markets."
Advocis has long supported a national securities regulator. Based on the
details of the framework released yesterday, Advocis is pleased with
the innovative plan put forward by Ontario, British Columbia and
Ottawa, as it will facilitate easier capital-raising for smaller to
mid-size companies and increase choice in the securities marketplace.
Continued innovations within securities regulation must also ensure
that Canadians continue to be able to access professional financial
Advocis, The Financial Advisors Association of Canada, is the
association of choice for financial advisors and planners. With more
than 11,000 members in 40 chapters across the country, Advocis is the
definitive voice of the profession, advocating for professionalism and
consumer protection. Professional financial advisors and planners are
critical to the economy, helping consumers make sound financial
decisions that ultimately lead to greater financial stability and
independence. Advocis works with decision-makers and the public,
stressing the value of financial advice and striving for an environment
in which all Canadians have access to the advice they need.