AdvocisNews ASSOCIATION UPDATES AND EVENTS
CHAPTER NEWS TOUR DE CURE
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embers from all four British Columbia chapters of Advocis came together in August to participate in the Tour de Cure — B.C.’s biggest cycling fundraiser — in support of the BC Cancer Foundation. They had an amazing time, and raised more than $45,000.
VANCOUVER ISLAND – “WORKING WITH INDIGENOUS PEOPLE” EVENT
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n the lead-up to the National Day for Truth and Reconciliation, Advocis Vancouver Island hosted a timely webinar on Working with Indigenous People. The virtual event featured a panel discussion among professionals currently working with Indigenous clients. There was also a discussion on acknowledgments and a presentation from Indigenous Advocis member Mike Carlson on his experiences as a financial advisor.
Advocis British Columbia chapter participates in Tour de Cure fundraiser
CHAPTERS CONNECT, GOLF, AND GIVE BACK!
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everal chapters in late summer hosted golf tournaments that provided opportunities to bring members together to reconnect in a fun, outdoor activity, while also supporting community organizations. Charities supported on the links included: • Advocis North Central Saskatchewan renewed their relationship with READ Saskatoon in support of the RESP Matched Savings Program. • Advocis South Saskatchewan revived its annual 65 Roses Tournament for Cystic Fibrosis, raising more than $16,000. • Advocis Edmonton partnered with Desjardins to host a golf tournament benefiting SportCentral, which provides equipment for children living in low-income households. • Advocis Peel Halton renewed its support of Community Living Mississauga. 34 FORUM DECEMBER 2021
Mike Reilly
LEGAL AND REGULATORY AFFAIRS UPDATE UPDATE ON THE NEW SELF-REGULATORY ORGANIZATION FRAMEWORK
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n October 4, 2021, Advocis submitted our comments to the Canadian Securities Administrators (CSA) on its proposal to establish a single national self-regulatory organization (New SRO). The consolidation of Investment Industry Regulatory Organization of Canada and the Mutual Fund Dealers Association, along with their investor protection funds, can increase efficiency and harmonization within the industry. While this merger can alleviate a number of regulatory issues present in the current framework, it is not without its own challenges. In the proposal, the CSA laid out several solutions to address concerns raised by stakeholders in previous consultations. To name a few, the CSA proposed that the fees in the New SRO be proportionate to the regis-
