Ontario pushes back on CSA’s proposed DSC ban

On Thursday, September 13th, 2018, The Canadian Securities Administrators (CSA) released a request for comment (PDF) with details on how it proposes to implement a ban on deferred sales charges (DSCs), which is a follow-up to it’s Consultation on the Option of Discontinuing Embedded Commissions from early 2017.

In response to the September 13th announcement, the Honourable Vic Fedeli, Ontario Minister of Finance, issued a statement that the Ontario government does not agree with this proposal as currently drafted.

Become a Registered Deposit Brokers Association (RDBA) member today

Learn More