Alberta Introduces Bill 5 Amendments to the Alberta Securities Act

Legislation coming to Alberta allowing for Advisor Incorporation and continued investor protection


TORONTO, Nov. 19, 2014 (GLOBE NEWSWIRE) -- Advocis President and CEO, Greg Pollock had the opportunity to commend the Alberta Minister of Finance, Robin Campbell, for the introduction of the changes to the Alberta Securities Act. "We've been working with governments and regulators across Canada to make the necessary legislative and regulatory changes to allow advisors the option of incorporating their mutual fund business for some time now. I'm very pleased to be in Edmonton today to personally thank the Minister and government for their leadership on this issue," said Greg Pollock.

The changes to the securities legislation showcase Alberta's future-focused approach to legislation and business-friendly environment. These changes not only benefit the province from an economic perspective they also maintain a commitment to consumer protection, two views that Advocis whole-heartedly shares.

About Advocis

Advocis, The Financial Advisors Association of Canada, is the association of choice for financial advisors and planners. With more than 11,000 members across the country, Advocis is the definitive voice of the profession, advocating for professionalism and consumer protection. Professional financial advisors and planners are critical to the economy, helping consumers make sound financial decisions that ultimately lead to greater financial stability and independence. Advocis works with decision-makers and the public, stressing the value of financial advice and striving for an environment in which all Canadians have access to the advice they need.