Lobbying Information
Subject Matters
- Budget
- Education
- Financial Institutions
- Health
- Industry
- Internal Trade
- Pensions
- Privacy and Access to Information
- Small Business
- Taxation and Finance
- Telecommunications
Subject Matter Details
Legislative Proposal, Bill or Resolution
- Financial Institutions - Advocis will continue to participate in the review of the Bank Act (Federal Financial Sector Framework) to ensure that consumers are adequately protected and a level playing field is maintained as it relates to the insurance retailing restrictions.
- Securities Regulation: Participating in discussions regarding a National Securities Regulatory Framework
- The Ministry of Finance's proposed changes to the taxation of Canadian controlled private corporation
Legislative Proposal, Bill or Resolution, Regulation
- Cooperative Capital Markets Regulatory System - Capital Markets Stability Act - Advocis is seeking changes to the definition of securities to exclude the potential to capture provincially regulated insurance products such as segregated funds. The proposed legislation should include provisions for the incorporation of financial advisors.
- Industry - In discussions with Treasury Board regarding Red Tape Reduction.
Policies or Program
- Advocis will discuss possible programs and services related to increasing financial literacy of Canadians with the new Financial Literacy Leader and the Financial Consumer Agency of Canada
- Pensions - Participating in discussions regarding changes to the Retirement Income System to improve pension coverage and retirement income adequacy for Canadians.
Policies or Program, Regulation
- Advocis will be discussing the need to raise professional standards for financial advisors and will seek federal government support to encourage provincial governments to create financial advisor professional standards in provincial legislation and through internal trade agreements. This may also impact the federal government's involvement in securities regulation.
Communication Techniques
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Written communication
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Oral communication
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Grass-roots communication
Government Institutions
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Canada Revenue Agency (CRA)
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Employment and Social Development Canada (ESDC)
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Finance Canada (FIN)
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Financial Consumer Agency of Canada (FCAC)
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Health Canada (HC)
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House of Commons
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Innovation, Science and Economic Development Canada (ISED)
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Office of the Superintendent of Financial Institutions Canada (OSFI)
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Prime Minister's Office (PMO)
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Treasury Board Of Canada Secretariat (TBS)
In-house Organization Details
Description of the organization's activities
The Financial Advisors Association of Canada, currently carrying on business as Advocis, is a national voluntary association of professional financial advisors and planners whose members may be licensed by provincial regulators to sell life and health insurance, mutual funds or securities. By “An Act to Amalgamate the Canadian Association of Insurance and Financial Advisors and the Canadian Association of Financial Planners under the name The Financial Advisors Association of Canada” (TFAAC). The core activities of the Association are concerned with the education and professional development of its members, to encourage all members to obtain and promote the Chartered Life Underwriter (CLU), Certificated Financial Planner (CFP) or Certified Health Insurance Specialist (CHS) designations. The Association is a market conduct standard setting body and enforces a code of professional conduct and is engaged in the development of practice standards for Financial Advisors and Planners. TFAAC maintains and operates an advocacy program with government regulators and policy makers aimed at ensuring a positive legislative environment and climate to promote and protect financial advisors in the public interest.
Responsible officer name and position during the period of this registration
Greg Pollock,
President & Chief Executive Officer (CEO)
Organization's membership or classes of membership
TFAAC maintains a number of classes of membership including full, associated and honourary memberships, the details of which are set our in the Association’s constitution and by-laws.
Government funding
No government funding was received during the last completed financial year.
In-house Organization Contact Information
Address:
10 Lower Spadina Ave
Suite 600
Toronto, ON M5V 2Z2
Canada
Telephone number:
416-342-9813
Fax number:
416-444-8031
Lobbyists Details
Employees who lobby for the organization
- Marie-Claire Barba-Flores,
Policy Advisor, Advocacy |
No public offices held
- Thomas Gendron,
Associate Director, Government Relations |
No public offices held
- Paniz Ghazanfari,
Associate Director, Legal and Regulatory Affairs |
No public offices held
- Greg Pollock,
President & CEO |
No public offices held
