News

FOR IMMEDIATE RELEASE
NOVEMBER 2, 2016

Regulator Turns to Animation to Tune In Investors

 
Winnipeg – As part of Financial Literacy Month this November, The Manitoba Securities Commission (MSC) is getting animated to promote awareness of Client Relationship Model Phase 2 or CRM2, which involves major changes to how financial advisers must report to their clients on the costs, performance, and value of their investments.

Working with the Canadian Securities Administrators (CSA), MSC is promoting four animated videos online and on social media, which highlight the new CRM2 requirements, including:
  • enhanced relationship disclosure information,
  • pre-trade disclosure of adviser fees and other charges,
  • expanded account statements,
  • annual reports on investment performance, and
  • annual reports on charges and compensation.

“These videos do an excellent job of highlighting some of the basics of CRM2,” said Don Murray, MSC Chair and CEO, and Vice-Chair of the CSA. “CRM2 increases transparency on costs and performance, which we believe will lead to better informed investment decisions, and better relationship between advisers and their clients. This is information any Manitoban with investments— whether it’s a small nest egg, an RESP for your child, or a million-dollar portfolio—should know about.”

MSC will be promoting the videos through its Twitter account @MSCommission throughout November. The videos will also be available on the CSA ACVM YouTube channel.

The Manitoba Securities Commission is a division of the Manitoba Financial Services Agency, a Special Operating Agency of the Government of Manitoba that protects investors and promotes fair and efficient capital markets throughout the province.

The Canadian Securities Administrators is the council of the securities regulators of Canada’s provinces and territories, which co-ordinates and harmonizes regulation for the Canadian capital markets.

 

 
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Media Inquiries:                   
Jason Booth, Communications Coordinator  |  (w) 204.945.1660 |  jason.booth@gov.mb.ca