Angela Mazerolle, CAPSA chair and vice-president, Regulatory Operations with the New Brunswick Financial and Consumer Services Commission, reported, “CAPSA continues to support the important work of the Joint Forum and the sharing of information between the member organizations.
“We were pleased to report on our work in updating the 2004 Guidelines for Capital Accumulation Plans, originally developed by the Joint Forum, with the intention to have this important updated Guideline finalized this summer,” she continued.
Huston Loke, chair of CCIR and executive vice president, Market Conduct at FSRA, commented on the Total Cost Reporting project, “Consumers are better protected when the performance and costs of the funds they own are disclosed on a consistent and harmonized basis.”
“The Total Cost Reporting project is a testament to the Canadian Council of Insurance Regulators’ (CCIR) and the Canadian Securities Administrators’ shared commitment to supporting a stable and innovative marketplace in which industry can compete and the Canadian public can have confidence that consumers are being treated fairly.”
