Last month, the Investment Industry Association of Canada released a letter requesting that the CSA delay implementation of Client Relationship Management (CRM) Project Phase 2 amendments.
As we've previously discussed on this blog, amendments under Phase 2 of the CRM project, initially published for comment in June 2011 and republished in June 2012,were adopted in 2013. The amendments, which set out requirements for, among other things, client reporting with respect to cost disclosure, investment performance reporting and client statements come into force over the next few years.
Earlier in December, the Ontario Securities Commission's Investor Advisory Panel stated that the implementation schedule for the CRM project should not be delayed.
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