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ARE YOU READY TO MOURN THE LOSS OF YOUR PROFESSION?

You are a passionate professional and you have a reason to be proud of your status. You have acquired in-depth training in a specialized, complex sector. You are responsible for your actions and your peers or colleagues are the ones who are in a position to assess the value of your work. Your membership to a professional organization that oversees your activities, such as the CSF, cements your status as a professional.

“NO CSF, NO PROFESSIONAL STATUS.”

Your CSF ensures that its members adhere to the regulations that apply to advisors operating in several areas of the financial services industry. The CSF is a multidisciplinary self-regulatory organization (SRO) because you have a say in how it is governed, through your participation on the board, committees, or the AGA. The CSF’s core mission is simple: protect the public. In return, the public will feel protected and will trust the integrity of your services.

No CSF, no professional status.

PANEL ON THE LEGISLATION GOVERNING THE FINANCIAL SECTOR IN QUEBEC

On June 8, a panel addressed the strength of Quebec’s financial sector system in which the Chambre de la sécurité financière (CSF), as an SRO, carries out its mission to protect the public by defending professional values in a way that no other regulatory body in Canada does.

Panelists and the audience strongly reacted to the statement made by Finance Minister Carlos Leitão to the Commission des finances publiques on May 2 (2017-2018 study of budgetary credits). Pressed for an answer by François Bonnardel, MNA for Granby, Mr. Leitão said that “it would preferable that the Chambre de la sécurité financière and the Chambre de l’assurance de dommages be integrated into the Autorité des marchés financiers.”

Gino-Sébastien Savard, who is a third-generation financial services advisor, does not mince words, “I find it revolting that they are even thinking about destroying an SRO (self-regulatory organization) that works well. Why fix something that isn’t even broken when there are so many things that need to be repaired in Quebec?”

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