PMAC Urges CIRO Not to Proceed with Proposed Incorporated Approved Person Compensation Framework
PMAC submitted comments to CIRO and the CSA on CIRO’s proposed rule amendments to introduce an Incorporated Approved Person compensation option (CIRO Bulletin 26-0150). Our principal recommendation is that CIRO not proceed with the proposal. We do not believe CIRO has demonstrated that the anticipated benefits justify the significant costs, regulatory complexity, potential investor-protection […]