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FAIR Canada held its Annual General Meeting on November 28, 2018. We shared with our members what we have accomplished this past year and the challenges that lie ahead.
A key focus of FAIR Canada's efforts this past year was our Canada wide consultations in partnership with the Canadian Centre for Elder Law,resulting in the joint Report on Vulnerable Investors: Elder Abuse, Financial Exploitation, Undue Influence and Diminished Mental Capacity. We were pleased to see support for our recommendations by consumers, community based organizations and industry stakeholders, including the Canadian Network for the Protection of Elder Abuse and the Investment Funds Institute of Canada. We were also encouraged by the inclusion of some of its recommendations in the Ontario Securities Commission's Seniors Strategy and the New Brunswick Financial and Consumer Services Commission's Recommendations and Results of Consultation. We will continue our efforts on behalf of vulnerable Canadians as the Federal Minister for Seniors and the Federal Minister of Finance work to create a bank code of conduct for seniors as announced in the Fall Economic Statement.
We also worked intensively to try to improve the financial consumer complaint process and joined forces with other consumer advocates asking that regulators require the rules of the MFDA and IIROC conform with the 90 day internal review period set out in NI 31-103 and to end the practice of calling any part of the internal process that of an "internal ombudsman". We still await progress from the Joint Regulators Committee on implementing the recommendations in the independent reviewer report on OBSI issued in June 2016.
FAIR Canada continues to believe that individual Canadians benefit from having a professional voice that can represent their interests during the policy-making process
. We ask that you consider supporting our work through a donation, as we approach the giving season.
FAIR Canada's Board of Directors and Staff wish you a safe and happy holiday!
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