Show Comments ▼ Bottenheim joins from Stonehage Fleming Investment Management where he held analyst, portfolio manager and most recently, director positions over his decade at the firm. (Getty Images) Also Read: City Moves: Who’s switching jobs in the Square Mile this week? whatsapp (Getty Images) (Getty Images) Also Read: City Moves: Who’s switching jobs in the Square Mile this week? Partner and co-head of the firm’s energy lead advisory team, Gavin Quantock, said: “Ian and Hugh’s spectrum of skills and experience will be invaluable in strengthening our differentiated proposition to provide unique incremental value across the defining deals of the global energy transition.” Rosanna Arikoglu and Alexander Bottenheim “We’re looking forward to having Kyle back as part of the team. He brings a depth of experience advising corporate clients on cross-border financial crime investigations and money laundering,” partner and head of business crime and regulatory, Ian Ryan, said. (Getty Images) Also Read: City Moves: Who’s switching jobs in the Square Mile this week? “As our client base grows we will continue to look for talented investment managers like Rosanna and Alexander who bring strong investment acumen,” head of international business and global head of sales, Logie Fitzwilliams, said. Sizemore, who spearheaded the development of the BBC’s Bitesize which won awards for helping students with revision online, will bolster Nord Algia’s digital learning platforms. City Moves: Who’s switching jobs in the Square Mile this week? “In this crucial year for sustainable energy, in both the UK and globally, we’ll be collaborating with clients to support them in opportunities which can contribute to the fight against climate change and improve the environment for future generations,” Wood said. “We’re combining the best in technology and teaching to help children learn more than they ever thought possible while collaborating with their classmates in their school and with students across Nord Anglia’s global network of schools,” Sizemore said. Reporting to group digital director Simon Nelson, Sizemore joins from Limina Immersive, a start-up he co-founded which specialises in virtual reality experiences. Joining from UK financial services firm Smith and Williamson as an associate director, Arikoglu has spent eight years overseeing private clients and charities after starting her career as an analyst at HSBC. (Getty Images) Also Read: City Moves: Who’s switching jobs in the Square Mile this week? “I am delighted to be back at Howard Kennedy and returning to No 1 London Bridge as a partner,” Philips said. “The demand for independent advice and practical risk management solutions has never been greater,” chief commercial officer, Haakon Blakstad, said. “As regulators continue to apply more pressure, it remains imperative that clients are given the best strategic advice with both their preventative and reactive measure.” London headquartered Nord Anglia Education, a leading international schools organisation has recently hired BBC Education’s former head of product as online learning has soared in importance of the past year. Previously working at the Royal Society and the Confederation of British Industry (CBI), Bowes is also a visiting senior research fellow at the policy institute of King’s College London. “I look forward to working with London’s political leaders and decision-makers to build the city’s resilience and aid its recovery,” Bowes added. The Centre for London has hired a former City Hall senior official this week, who joins the capital’s think tank as chief executive. Wednesday 2 June 2021 11:39 am “As his track record at the BBC shows, Chris knows how to develop digital platforms with imaginative and original content that quickly become the go-to destinations for children’s learning,” Nelson said. The former EY partner has also played a part in JPMorgan Asset Management’s UK wind portfolio acquisition. BBC Bitesize lead joins Nord Anglia’s education tech team Millie Turner (Getty Images) Also Read: City Moves: Who’s switching jobs in the Square Mile this week? KPMG strengthens energy M&A team ahead of COP26 (Getty Images) Also Read: City Moves: Who’s switching jobs in the Square Mile this week? Kyle Phillips joins the firm again, but as a partner this time around, after holding the position of director for law firm Fieldfisher. London law firm Howard Kennedy has re-poached a former senior associate this week to expand its business crime team. Ian Wood has been poached from another Big Four firm, EY, where he was as an associate partner. Bryan Cohen (Getty Images) Also Read: City Moves: Who’s switching jobs in the Square Mile this week? Brown Advisory expands London office with senior hires Howard Kennedy bolsters business crime team (Getty Images) Also Read: City Moves: Who’s switching jobs in the Square Mile this week? by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeAll Things Auto | Search AdsMost Affordable Camper VansAll Things Auto | Search AdsNational Injury BureauJury Finds Roundup Responsible For Lymphoma | Bayer To Pay $10 BillionNational Injury BureauBleacherBreaker41 Old Toys That Are Worth More Than Your HouseBleacherBreakerBrake For ItSay Goodbye: These Cars Will Be Discontinued In 2021Brake For ItPast Factory”Waltons” Actress Says Magazine Ended Her CareerPast FactoryMoneyWise.comMechanics Say You Should Avoid These Cars In 2021 MoneyWise.comLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsDaily Funny40 Brilliant Life Hacks Nobody Told You AboutDaily FunnyLivestlyPlugs Have These Two Holes At The End, Here’s WhyLivestly “We have developed a strong position in a sector that will be fundamental to the future of UK jobs, the economy and meeting global climate change targets,” Sanderson said. Rosanna Arikoglu and Alexander Bottenheim join the firm as portfolio managers within its UK private client and charity team. Sanderson, who has worked in Canada and the UK as a senior investment banker, has over two decades of investment banking under his belt. Centre For London hires former City Hall senior as new chief “His background and experience will add significant value to our team, and we know our existing and future clients in the US will be excited to work with him.” Share Kyle Phillips “I’m delighted to join Validus at such an exciting time and in conjunction with the milestone of launching the New York office,” Cohen said. Taking over the helm, Nick Bowes joins from the Greater London Authority, where he was the mayoral director of policy. (Getty Images) Also Read: City Moves: Who’s switching jobs in the Square Mile this week? Chris Sizemore joins the Canadian organisation as its director of product development for its education technology arm. Most recently at Goldman Sachs and in charge of risk management strategy, Cohen has held positions with Barclays and RBS. (Getty Images) Also Read: City Moves: Who’s switching jobs in the Square Mile this week? The incoming chief was also a special adviser to now London mayor Sadiq Khan when he was shadow secretary of state for justice and constitutional reform between 2010 and 2015. “With the increased volatility of the market and continued rapid changes to the regulatory landscape we are confident Kyle will play a key role in ensuring we successfully meet the needs of our clients.” Investment management firm Brown Advisory has bolstered its London office this week with two senior hires as its collection of assets hits $15bn. Validus hires Goldman Sachs executive director (Getty Images) Also Read: City Moves: Who’s switching jobs in the Square Mile this week? (Getty Images) Also Read: City Moves: Who’s switching jobs in the Square Mile this week? Outside of the Square Mile and across the pond, independent financial risk advisory and technology firm Validus has appointed former Goldman Sachs executive director to its fresh New York office. “And newer challenges confront the city: how to fund and support the city’s transport network; how to clean London’s air and decarbonise; the precautions we need to take to prevent further epidemics and the national ‘levelling up’ agenda.” While Hugh Sanderson joins from FirstEnergy Capital where he was managing director. This week’s hires follow another recent appointment in the capital. Ryan Myerberg also joined the firm as a global sustainable fixed income portfolio manager. Incoming managing director Bryan Cohen joins the firm, which has an office in London, with over 15 years of experience across risk management and derivatives. City A.M.‘s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email [email protected] to be featured. Joining KPMG’s Energy Lead Advisory team, they are both tasked with supporting energy transition for clients through strategy and M&A advice – the pair will also be part of the leadership team. KPMG UK has strengthened its specialist energy M&A team this week with the appointment of two senior corporate finance advisers. As an experienced energy deal originator and executor, Wood has spent 20 years in infrastructure corporate finance. “I look forward to leveraging my experience and networks to help the company expand its presence in the US and continue its impressive growth trajectory.” Tags: BBC Goldman Sachs KPMG London Sadiq Khan Wirecard whatsapp (Getty Images) Also Read: City Moves: Who’s switching jobs in the Square Mile this week? Specialising in corporate and financial crime, Kyle has over a decade of experience and has been instructed on high profile scandals like Wirecard, Serco, Patisserie Valerie and Forex. Bowes said: “The pandemic reinforced the urgent need to tackle many deep-seated issues – from inequality and insecurity to low pay and unaffordable housing.
Coronavirus | JuneauAlaska’s daily COVID-19 count surpassed 100 for the first time on SundayJuly 12, 2020 by Adelyn Baxter, KTOO Share:The state reported 116 new cases of COVID-19 on Sunday. It’s the largest single-day increase and the first time the state has seen over 100 cases in one day.According to the state health department, 93 Alaskans and 23 non-residents tested positive. The numbers reflect results received during the previous 24-hours.No new deaths were reported over the weekend.On Saturday, the state reported 77 new cases, prompting Chief Medical Officer Anne Zink to tweet “We are moving in the wrong direction.”The resident cases from Sunday include 29 new cases in Anchorage, 19 in Fairbanks, seven in Palmer, six in the Yukon-Koyukuk Census area, four each in Soldotna, Cordova and Wasilla, three each in Eagle River, Kenai and Juneau, two each in Chugiak, North Pole and the Nome Census Area and one each in Seward, Kodiak, Nome, Bethel Census area and the Matanuska-Susitna Borough.Eleven of the non-resident cases were connected to the seafood industry in Valdez.That brings the total number of Alaska resident cases to 1,479. There have been 295 non-resident cases.Twenty-seven Alaskans are currently hospitalized due to COVID-19.There were four new cases reported in the City and Borough of Juneau over the weekend: one on Saturday and three on Sunday. How those individuals contracted the virus is still under investigation. Since March, 51 Juneau residents have tested positive for COVID-19. Six cases are currently active.Share this story:
whatsapp General Election 2015: The property market is freaking out at the prospect of a Labour government by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunInvestment GuruRemember Cote De Pablo? Take A Deep Breath Before You See Her NowInvestment GuruForbesThese 10 Colleges Have Produced The Most Billionaire AlumniForbesComedyAbandoned Submarines Floating Around the WorldComedyGameday NewsNBA Wife Turns Heads Wherever She GoesGameday NewsEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity Mirror Tuesday 5 May 2015 7:15 am The property market is terrified of Labour-led government, one of the UK’s largest property search websites has suggested, thanks to the prospect of falling house prices and rising interest rates.More on this story: How Tony Blair presided over the biggest rise in UK house prices in recent history According to Zoopla, Labour’s policies on the housing market, which include giving councils the power to double council tax on homes left empty for a year and giving first-time buyers priority access to new homes, will “make UK property a generally less attractive investment”.Labour has also pledged to introduce a mansion tax on homes worth more than £2m, although it will also abolish stamp duty for first-time buyers.But today Zoopla said the best outcome for those in the property sector would be a continuation of the current coalition.[Property] will appear less attractive to owners as a result of proposed new property taxes, less attractive to landlords and investors as a result of proposed new rent controls and less attractive to first-time buyers and lenders as a result of proposed changes to current government support schemes. The follow-on impact of falling house prices and lower consumer spending to the overall economy could be significant.Zoopla’s Lawrence Hall added that the mansion tax will be significant to those wishing to invest in the UK.[infographic id=”97″]”[It] is a great example of a good political soundbite but a poor policy. It started out as an idea to tax billionaire non-dom property owners and has turned into a proposed tax on working British families. UK homeowners already pay the highest property taxes in the developed world, so the introduction of any new tax would be value destructive to the entire UK property market. “But using a sledgehammer to crack some of these walnuts by further taxing working Brits primary residences and imposing controls on all landlords and tenants is dangerous to the health of the overall housing market.” whatsapp Share Emma Haslett Show Comments ▼ Tags: General Election 2015 UK house prices
Cargologicair (CLA) is set to launch its first scheduled services with an operation between the UK and Mexico.Taking off on August 19, the twice-weekly flight from Stansted will call at Atlanta before going on to Mexico and returning via Houston, Frankfurt and Abu Dhabi.“The key industry into Mexico is the automotive trade,” Steve Harvey, chief commercial officer told The Loadstar.“We are looking to work with key players in the industry out of the UK. One of the driving factors is to meet their requirements to help expand the level of trade.” By Alex Lennane 10/08/2017 CLA will be taking over and doubling the route sector between Houston and Abu Dhabi previously offered by its business partner, AirBridgeCargo Airlines (ABC).Cargologicair is positive about market developments, hoping to increase frequencies, as well as considering expanding its 747 freighter fleet to four next year. Its third aircraft began operating in April.“I am confident enough that we may be able to increase frequencies to three a week by the end of the year,” said Mr Harvey. “That is, of course, subject to how it performs in the third quarter.“There are some real, positive signs in the market. Whether that is because there is a surge in the market or because the US has started to invest again now the election is over, I am not sure. But there seems to be more confidence.”Two of CLA’s aircraft are currently flying under ACMI agreements for ABC. With the growth in its fleet, CLA has also seen more demand for ad hoc and charter services for other customers. These contributed to an overall 44% growth in business in the first six months of 2017. Mr Harvey said the aircraft’s operations were “under constant review”.“We’re very pleased with our progress, including our partnership with AirBridgeCargo. We are looking to increase the size of the fleet in 2018, depending on how the market performs, especially in the third quarter, and trying to identify the best opportunities to keep our long-term growth strategy on track. I am quite confident.”Mr Harvey said CLA was keen to ensure that its scheduled operations had “longevity”, and that customer relationships provided a win-win for all parties.“We are building our business to last in the long term. We do not want to be a one-minute wonder. That means working with customers to find routes and services they want to support. We want to operate routes that are successful for us, and for our customers.”He added: “We are really excited by this business. It’s still a relatively new venture, but we think it’s a positive time to get into this market.”
Related: General Assignment Reporter Kate covers biotech startups and the venture capital firms that back them. In the LabHHS to prioritize newborn screening programs’ pipette tip orders Programs that screen newborns for potentially deadly genetic conditions will now have higher priority when ordering pipette tips — a critical laboratory supply that is in shortage.STAT highlighted the pipette tip shortage, which is affecting researchers across the country, on Wednesday. Scientists in the dark about how suppliers prioritize pipette tip orders Related: Later that day, a working group within the Department of Health and Human Services officially granted prioritization to newborn screening programs, according to a memo it sent to the Association of Public Health Laboratories.advertisement [email protected] It isn’t clear how suppliers are allocating most pipette tip orders across the country, and few would comment on the process when STAT asked. The one thing that is understood: Companies must prioritize federal Covid-19 contracts under the Defense Production Act. (PCR tests and other diagnostics require pipettes.) Kate Sheridan About the Author Reprints Adobe @sheridan_kate How blackouts, fires, and a pandemic are driving shortages of pipette tips — and hobbling science “Based on the market share and the critical role this program plays in public health, distribution of U.S. supply of pipette tips should be prioritized for state public health laboratories for use in newborn screening programs and related testing,” the memo reads.The document was signed by Michael Iademarco, the director of the Center for Surveillance, Epidemiology, and Laboratory Services at the Centers for Disease Control and Prevention. It did not name specific manufacturers or distributors.advertisement By Kate Sheridan April 30, 2021 Reprints HHS also has a Covid-19 diagnostics and testing working group, which distributes testing supplies to public health laboratories and groups and regularly communicates with supply distributors, according to its website.About 160 million pipette tips are required each year to screen every newborn in the country, experts estimated.“Please use this memo, if necessary, with your pipette tip suppliers for newborn screening labs in the event you encounter any continuing problems,” the APHL advised its members. Tags geneticspublic healthresearch
News RELATED ARTICLESMORE FROM AUTHOR Facebook Twitter SHARE By Daily NK – 2017.04.21 3:59pm Daily NKQuestions or comments about this article? Contact us at [email protected] The stated mission of International Solidarity for Freedom of Information in North Korea (ISFINK) is to help North Korean residents secure access to outside information. The organization is hosting a panel of international experts to explore realistic practices to advance the cause of freedom of information in North Korea. ISFINK is inviting North Korean human rights activists, researchers specializing in North Korea, IT experts, and other analysts to join the panel and discuss safe, efficient methods to improve access to outside information for North Korean residents. Confirmed participants on the panel include Greg Scarlatoiu (Executive Director of The Committee for Human Rights in North Korea), Kim Won Ho (senior researcher at the US-Korea Institute at the John Hopkins School of Advanced International Studies), Nathaniel Kretchun (lead Asia researcher at InterMedia), Benedict Rogers (East Asia team leader at Christian Solidarity Worldwide), Florian Grunow (IT security expert at ERNW) and Svetlana Gannushkina (member of the renowned Russian human rights organization Memorial). “Realizing freedom of information in North Korea is a prerequisite step to solve North Korea’s nuclear and human rights issues,” noted Kang Shin Sam, co-head of ISFINK. “This will be an arduous but not impossible process if there is enough mutual acknowledgement of the importance of bringing freedom of information to North Korea”. ISFINK’s panel of experts will explore realistic measures that can be implemented through both open and closed conferences that will take place during the event. Kang plans to visit the United States to meet with U.S North Korea experts who will be participating in the expert panel. He will also deliver letters of appointment and discuss the current state of information dissemination in North Korea, and propose a new direction for action to the U.S Congress and at a seminar hosted by John Hopkins University during his 5-day visit commencing on April 23rd. Over the last year, ISFINK has hosted a number of international symposiums and conferences aimed at promoting freedom of information in North Korea. One noteworthy event was a successful international symposium involving human rights activists who have previously participated in human rights campaigns against military regimes in countries including Romania and Tunisia. News News There are signs that North Korea is running into serious difficulties with its corn harvest Entire border patrol unit in North Hamgyong Province placed into quarantine following “paratyphoid” outbreak Panel of international experts leads the charge for freedom of information in North Korea News North Korea tries to accelerate building of walls and fences along border with China
NewsEconomy News News Kim Yoo JinKim Yoo Jin is one of Daily NK’s freelance journalists. Please direct any questions about his articles to [email protected] Facebook Twitter News South Korean President Moon Jae In spoke during a mass gymnastics performance at the May Day Stadium in Pyongyang in September 2018. Image: Pyongyang Press Corps PoolA pair of artists from Pyongyang has been sentenced to life in prison following a defection attempt to South Korea, sources in the North Korean capital report.“In early November, a public trial was held at the May Day Stadium to determine the fate of two female artists in their 20s or 30s who attempted to defect to South Korea,” a source in Pyongyang reported to Daily NK, noting that the affiliation of the two subjects was not revealed.“The women, who were handcuffed and kept their heads bowed for the duration of the trial, were escorted by police into a crowded stadium. The judge announced the sentence through a microphone.”According to a separate source in Pyongyang, the women traveled to the border area in early 2018 to prepare for their defection, which arose suspicion and brought them under heavy surveillance by the Ministry of State Security. When they left Pyongyang to begin their defection journey in earnest in September of the same year, they were arrested upon reaching the border area.To protect the capital, citizens of Pyongyang who travel to the border area without specific cause are placed under increased surveillance by the country’s political security apparatus.The intensified surveillance determined that the two women frequently watched foreign media, and were particularly infatuated with South korean singers and music. The women hoped to follow in the footsteps of a friend who had resettled in the South and found work as a singer.During the trial, the prosecutors and judge condemned the women for “imitating and spreading the degenerate culture of capitalism” due to their affinity for and emulation of South Korean songs and dance.Despite the increasing flow of information, a growing K-pop fanbase and warming ties between the two Koreas has led to further suppression of the North Korean people, marked by strengthened crackdowns and punishments inside the country. The regime sees such external information and influence as a threat to its survival.An additional source in Pyongyang added, “The women will serve their sentence out in Camp No. 25 (Susong political prison camp). Everyone heard about it and is scared to watch TV or movies from South Korea.”Seo Jae Pyong of the Association for North Korean Defectors told Daily NK, “A lot of Pyongyangites in the arts community took great interest in Moon Jae In’s speech at the May Day Stadium back in September. They share a common interest and enjoy South Korean cultural content relatively freely, which the Kim Jong Un regime clearly sees as a threat.” RELATED ARTICLESMORE FROM AUTHOR By Kim Yoo Jin – 2019.01.23 4:24pm SHARE Two artists sentenced to life in political prison camp after attempt to defect from North Korea North Korea Market Price Update: June 8, 2021 (Rice and USD Exchange Rate Only) US dollar and Chinese reminbi plummet against North Korean won once again Proposal to shift “general markets” to “specialized markets” finds little support among N. Korean leaders
Share this article and your comments with peers on social media James Langton In a staff notice setting out the results of the review, the CSA finds that many issuers “require additional guidance concerning the level and detail of disclosure that is necessary” to adhere to the new disclosure requirements in this area. The guidance also aims to improve issuer disclosure “to better inform investment and voting decisions.” The review of 722 issuers listed on the Toronto Stock Exchange (TSX) found that, overall, almost half (49%) have at least one woman on their board, 60% have at least one woman in an executive officer position and 15% have added at least one women to their board in the past year. In addition, the CSA found that 19% of companies have adopted director term limits and 56% have adopted other mechanisms of board renewal. The CSA review found that very few issuers have set explicit targets for appointing women to their boards or to executive officer positions. Only 7% have set a board target and a scant 2% have target for executive representation. Of issuers with board targets, 39% had already achieved their stated target, the review notes. The primary reason for not adopting targets is that firms say they select candidates based purely on merit. The notice calls on firms to be more explicit in certain aspects of their disclosure. For example, although firms aren’t required to report comparative year-over-year numbers, the CSA’s notice indicates that “reporting current and prior year numbers together in a table may increase the clarity of disclosure for investors and other stakeholders and also simplify ongoing reporting for issuers on annual and cumulative progress towards targets.” Furthermore, the report notes although 60% of issuers disclosed that they considered the representation of women as part of their director identification and nominating process, only 42% of these firms specifically explained how this was considered. Similarly, although just over half of the issuers disclosed that they considered the representation of women when making executive officer appointments, only 38% explained how this is considered. The number of women on boards and in executive officer positions varies significantly by industry and by the size of the issuer, the CSA review found. The utilities and retail industries have the most women on their boards, with 57% and 43% of issuers, respectively, having two or more female directors; as well, these industries also have the fewest boards with no women on them. Conversely, the mining, oil and gas and technology industries had the most issuers with no women on their board of directors, at 60% or more each. Approximately 50% of issuers in the biotech, mining, oil and gas and technology industries do not have any female executive officers. The CSA report also states significant differences based on the size of firms, noting that: 30% of issuers with a market capitalization of more than $2 billion have adopted a written policy for identifying and nominating women directors; 48% of these policies were adopted, or updated, this year; and 60% of these firms have two or more female directors. Conversely, 62% of issuers with a market cap under $1 billion had no women on their boards and 48% reported having no women in executive officer positions. The rate of written policy adoption concerning the representation of women also varies considerably by industry, the report notes. Higher rates were found in the insurance, utility, communications and entertainment industries, whereas the oil and gas, technology, biotech, hospitality and environmental industries had the lowest rates. The CSA will continue to evaluate corporate governance disclosure “to ensure that meaningful disclosure is provided regarding the representation of women on boards and in executive officer positions and to measure if the disclosure ultimately achieves its intended purpose of increasing transparency.” CSA to launch diversity consultations Related news SRO asks whether rules create barriers to diversity Facebook LinkedIn Twitter U.K. regulator to consider diversity requirements for public companies Keywords Women, DiversityCompanies Canadian Securities Administrators Canadian securities regulators have issued additional guidance on Monday designed to beef up companies’ disclosure efforts to ensure gender diversity among their senior management and directors after conducting a review on the matter. At the end of last year, several provincial securities regulators — including Ontario, Quebec, Saskatchewan, Manitoba, New Brunswick, Nova Scotia, Newfoundland and Labrador and the territories — adopted new disclosure requirements requiring non-venture companies to report, among other things: the number of women on their boards and in senior executive positions; and their policies for addressing gender representation in these high-level positions. On Monday, the various members of the Canadian Securities Administrators (CSA) that have these rules in place released the results of a review of issuer disclosure in the wake of the new rules, along with guidance designed to improve that disclosure.
The Investment Industry Association of Canada (IIAC) endorses the basic approach of the Canadian Securities Administrator’s (CSA) proposed amendments on client-focused reforms (National Instrument 31-103) but calls for some tweaks, in comments published Friday.The comment period on the ambitious set of reforms that aim to improve outcomes for retail investors closes today. Keywords Client-focused reformsCompanies Canadian Securities Administrators, Investment Industry Association of Canada In its comments, the IIAC says it appreciates the CSA’s efforts to embed client first principles in the existing rules regarding suitability and conflicts of interest, instead of adopting an overarching best interest standard.Also readRemaking the industryClient-focused reformsAt the same time, more clarity is needed from regulators in certain areas, says the IIAC, such as more clearly defining and differentiating between the concepts of “best interest” and “putting their client’s interest first.”The investment industry group also recommends that the CSA clarify its Companion Policy 31-103CP, and that it make clear where there is flexibility in the rules for firms to use alternative methods of achieving securities regulators’ underlying objectives.“Over the summer, the IIAC client focused reforms working group, comprised of industry professionals, reviewed the CSA proposals, identified impractical rules with suggested alternatives, as well as pointed to the need for greater clarity related to the compliance process. The working group also outlined that more streamlined and clear rules and guidance will promote cost-effective compliance and confidence among advisors and their clients,” says Ian Russell, president and CEO of the IIAC, in a statement accompanying the industry group’s submission.Additionally, the IIAC recommends that the CSA strike a joint committee along with the industry self-regulatory organizations to help provide the industry with clarity, and to facilitate implementation of the proposed rule changes.“The IIAC looks forward to engaging with the Canadian Securities Administrators on its proposed amendments on client-focused reforms. We believe our suggestions improve the prospects of the reforms meeting their intended public interest objectives,” Russell adds. IFIC offers alternative to the CSA’s proposed ban on DSC mutual funds What KYP reforms mean for advisors Share this article and your comments with peers on social media rido/123RF Facebook LinkedIn Twitter James Langton Related news What to make of the CSA’s revised client-focused reforms