Advocis Supports Creation of Co-operative Capital Markets Regulators

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 advice.

About Advocis:

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.

SOURCE: Advocis, The Financial Advisors Association of Canada

For more information, or to arrange an interview, please contact Kristin Doucet, Director of Communications and Media Relations, at 416-342-9896 / 1-800-563-5822, ext. 9896 or email: [email protected].