This piece of legislation, which will be studied by the members of the Committee on Public Finance, contains several elements. The government is proposing to merge the CSF with the Chambre de l'assurance de dommages (“ChAD”), and to entrust the Canadian Investment Regulatory Organization (CIRO) with the supervision of the mutual fund discipline. This is a significant change for the supervision of financial services in Quebec.

The CSF’s Board of Directors will analyze the bill and its impact, both for our members and for the protection of consumers of financial products and services, and will submit its comments to the appropriate authorities.

Aware that possible structural changes may engender uncertainty, I would like to reassure you that, while the bill is being studied, the CSF will continue its regular activities. Once the legislative process has been finalized, the CSF will inform you of any adjustments that may affect your practice. We invite you to consult the Q&A here, which already provides you with some information and will be updated regularly.

If you have any further questions or concerns, please send them to info@chambresf.com.