Agenda

Review today’s sessions and speakers and learn about key industry updates.

Senior and experienced representatives from Canada’s regulators discuss their policy objectives and regulatory expectations focusing on the Client-Focused Reforms. Share  your questions in advance to clarify expectations, ask what will be coming in the near future and enhance your compliance strategies. Source exclusive insights to:

• Comply with new regulations and meet expectations
• Determine what will be new for 2021 and beyond, and the timeline for any new projects or considerations
• Align your compliance strategy to meet regulators’ objectives

Clarify the expectations of provincial regulators to improve your compliance

Identifying and managing conflicts of interest between registrants and clients has been a major focus for all financial services firms. But with the Client-Focused Reform changes taking effect on June 30, 2021, you must ensure your management of conflicts of interest are up to the new standards. Delve into the details of the new requirements to:

• Meet regulatory expectations in addressing material conflicts of interest
• Focus on regulatory expectations regarding proprietary products, 3rd party compensation, internal incentives, embedded compensation, and referral arrangements
• Document that reasonable steps were taken to identify existing conflicts of interest, and those that are foreseeable

Ensure your organization meets the new rules on addressing conflicts of interest

Enter Networking Lounge, Connect with Your Industry Colleagues

• Continue to make connections with industry leadership
• Join “drop-in” roundtables on most topical issues
• Schedule 1-to-1 video meetings with peers
• Gather essential content at virtual exhibit booths

How SROs will be structured is currently under review by the CSAs, with a plan to implement and oversee the reforms coming shortly. Assess the role of IIROC and MFDA under the proposed reforms, and how industry can respond. Gain valuable insight into how:

• Timelines will play out and when firms should be ready for the roll out
• SRO firms can comply with specific oversight issues the CSA has targeted
• SRO firms are expected to comply with the proposed rules

Understand how firms can prepare and respond to IIROC and MFDA Proposed Reforms

With the impending changes to determining and documenting suitability coming into effect under Client-Focused Reforms, all regulated firms must bolster their oversight of how registrants deliver advice. Craft a new model for advice, suitability, KYP and KYC guidelines through a more focused oversight model. Take away practical strategies and solutions to:

• Ensure registrants are knowledgeable about the securities invested in by clients
• Create training and recordkeeping processes tied to KYP expectations
• Monitor and confirm that the client’s interests are put first
• Understand how different firms (EMDs and PMs) apply these rules to their businesses
• Determine the nuanced rules which may be different for institutional permitted clients

Meet your upcoming compliance obligations with respect to suitability, KYP and KYP changes

Work from home mandates presents new challenges for compliance officers. With more remote work, and the challenges surrounding monitoring and other compliance issues, learn how firms are coping with the changes. Join the discussion on how best to address:

• What the temporary blanket relief for registrants and unregistered capital markets participants entails
• The special challenges of overseeing advisors when all parties are working remotely
• Supervising registerable activities remotely
• Increased risks from non-face-to-face interactions and reliance on digital and virtual communications
• Cybersecurity impact to compliance and risks programs
• The current auditing challenges, and what to expect going forward

Assess the compliance challenges faced during Covid-19 as we move into a new year

• Get to know fellow delegates in “drop-in” virtual roundtable chats
• Engage in 1:1 video conversations with peers or vendors
• Connect with other delegates based on similar interests and business objectives using our “recommend matches” tool