Latest news with #SIMA
Cision Canada
4 days ago
- Business
- Cision Canada
SIMA supports clarity and consistency for phase 5 of CIRO's rule-consolidation project Français
TORONTO, /CNW/ - The Securities and Investment Management Association (SIMA) has submitted its comments on phase 5 of the Canadian Investment Regulatory Organization's (CIRO) rule-consolidation initiative. The submission reaffirms SIMA's commitment to supporting a regulatory framework that promotes clarity, consistency, and efficiency in the implementation of CIRO's new consolidated rules. When the project is completed, CIRO's current rulebooks—one for investment dealers and one for mutual fund dealers—will be replaced by a single, unified set of regulations called the CIRO Dealer and Consolidated (DC) Rules. "We support this important initiative and thank CIRO for accepting our recommendation to publish the consolidated DC Rules for final review and comment in phase 6," said Andy Mitchell, SIMA's President and CEO. "We continue to encourage CIRO to provide a generous comment period for phase 6, given that this will be the first opportunity for stakeholders to assess the fully consolidated rules. Extending the comment period to 120 days will ensure stakeholders have the time necessary to provide meaningful feedback in support of the successful implementation of the new framework." We continue to recommend that CIRO not put the rules into effect until they provide supporting guidance for public comment. Also, once the rules are finalized, we urge CIRO to allow for an appropriate transition period before the rules become effective. This will enable CIRO dealer members to update internal policies, procedures, and IT systems, and provide training before implementation. About SIMA SIMA empowers Canada's investment industry. The association, formerly the Investment Funds Institute of Canada (IFIC), is the leading voice for the securities and investment management industry. The industry oversees approximately $4 trillion in assets for over 20 million investors and participates in the Canadian capital markets. Our members — including investment fund managers, investment and mutual fund dealers, capital markets participants, and professional service providers — are committed to creating a resilient, innovative investment sector that fuels long-term economic growth and creates opportunities for all Canadians.
Yahoo
4 days ago
- Business
- Yahoo
SIMA supports clarity and consistency for phase 5 of CIRO's rule-consolidation project
TORONTO, June 24, 2025 /CNW/ - The Securities and Investment Management Association (SIMA) has submitted its comments on phase 5 of the Canadian Investment Regulatory Organization's (CIRO) rule-consolidation initiative. The submission reaffirms SIMA's commitment to supporting a regulatory framework that promotes clarity, consistency, and efficiency in the implementation of CIRO's new consolidated rules. When the project is completed, CIRO's current rulebooks—one for investment dealers and one for mutual fund dealers—will be replaced by a single, unified set of regulations called the CIRO Dealer and Consolidated (DC) Rules. "We support this important initiative and thank CIRO for accepting our recommendation to publish the consolidated DC Rules for final review and comment in phase 6," said Andy Mitchell, SIMA's President and CEO. "We continue to encourage CIRO to provide a generous comment period for phase 6, given that this will be the first opportunity for stakeholders to assess the fully consolidated rules. Extending the comment period to 120 days will ensure stakeholders have the time necessary to provide meaningful feedback in support of the successful implementation of the new framework." We continue to recommend that CIRO not put the rules into effect until they provide supporting guidance for public comment. Also, once the rules are finalized, we urge CIRO to allow for an appropriate transition period before the rules become effective. This will enable CIRO dealer members to update internal policies, procedures, and IT systems, and provide training before implementation. About SIMASIMA empowers Canada's investment industry. The association, formerly the Investment Funds Institute of Canada (IFIC), is the leading voice for the securities and investment management industry. The industry oversees approximately $4 trillion in assets for over 20 million investors and participates in the Canadian capital markets. Our members—including investment fund managers, investment and mutual fund dealers, capital markets participants, and professional service providers—are committed to creating a resilient, innovative investment sector that fuels long-term economic growth and creates opportunities for all Canadians. SOURCE Securities and Investment Management Association View original content: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Standard
19-05-2025
- Business
- Business Standard
IIBM Institute Brings Globally Recognized Swiss Doctorate to India at affordable prices -- Now Enrolling for 2025
India PR Distribution New Delhi [India], May 19: In a bold move to make top-tier global education accessible to Indian professionals, IIBM Institute of Business Management announces the launch of the Doctorate in Business Administration (DBA) from the Swiss International Management Academy, Switzerland -- now available in India at 50% lower fees than similar Swiss programs. Swiss International Management Academy, Switzerland is a prestigious member of AACSB (Association to Advance Collegiate Schools of Business) -- the same global network that includes Harvard, Stanford, and the Indian Institutes of Management (IIMs). AACSB membership signifies academic excellence and global credibility, giving Indian learners the opportunity to earn a doctorate that commands respect worldwide. Delivered 100% online, the SIMA DBA is designed for senior professionals, entrepreneurs, consultants, and CXOs who want to enhance their leadership skills, conduct practical business research, and earn the legally recognized "Dr." title from a respected Swiss institution -- without taking a career break. "I never imagined I could afford a Swiss doctorate. SIMA's DBA changed my career trajectory and personal brand -- and I now proudly use the 'Dr.' title," says Dr. Ravi Kumar, a recent graduate and business strategist from Mumbai. SIMA is currently active in over 50 countries, with a growing alumni network across Europe, Asia, the Middle East, and Africa, with India as a key growth region. Program features include: * Swiss-issued Private Doctorate degree with international acceptance * Affordable fees from Rs3.5 to Rs5.5 lakhs (vs. Rs7-12 lakhs typically charged by other Swiss institutes) * AACSB Membership for institutional trust and credibility * No entrance exams, flexible schedules, and personalized academic mentorship * Recognition for professional and research excellence Graduates of this program have gone on to hold leadership roles, publish research, and gain global visibility -- many proudly using "Dr." as a personal and professional milestone. Admissions Now Open - Limited Seats for 2025 Cohort This is a one-time opportunity for Indian professionals to earn a Swiss DBA with global recognition, at a price point designed for the Indian market.
Cision Canada
16-05-2025
- Business
- Cision Canada
SIMA supports Quebec bill to enhance regulatory efficiency and investor protection Français
MONTREAL, May 16, 2025 /CNW/ - The Securities and Investment Management Association (SIMA) has responded to the Quebec government's consultation on Bill 92, an act to amend provisions with respect to the financial sector. SIMA supports the proposed merger of the Chambre de la sécurité financière (CSF) and the Chambre de l'assurance de dommages (ChAD) to form the new Chambre de l'assurance. SIMA also recommends transferring the oversight of mutual fund representatives from the CSF to the Canadian Investment Regulatory Organization (CIRO), aiming to harmonize regulation and improve investor protection across Quebec. "Bill 92 represents a significant step forward in modernizing Quebec's financial sector regulation framework," says Marie Brault, chair of the Quebec board of governors, SIMA. "Aligning mutual fund representative oversight with CIRO will foster a more efficient, consistent, and investor-focused regulatory environment. This will better protect investors and reduce regulatory burden on industry participants, allowing them to focus on innovation and growth." In its submission, SIMA highlights that CIRO, established in January 2023 through the merger of IIROC and MFDA, is the recognized self-regulatory organization (SRO) with deep expertise in securities regulation. CIRO's regional presence in Quebec, including French-language services and a dedicated regional council, positions it as the ideal entity to oversee mutual fund and investment dealer representatives, creating a unified regulatory framework. Key benefits of Bill 92 Enhanced ethical oversight: CIRO's integrated approach involves both dealers and representatives in investigations, enabling proactive prevention and correction of misconduct, which the current dual-oversight model lacks. Consistent continuing education: CIRO's harmonized continuing education model for mutual fund and investment dealer representatives will reduce administrative burden and ensure consistent skill standards. Efficient supervision: Consolidating oversight under CIRO will eliminate potential duplicate fees for mutual fund representatives in Quebec, reducing costs and administrative complexity. SIMA also supports the creation of the Chambre de l'assurance to consolidate insurance-related regulatory functions and recommends information-sharing between the new Chambre and CIRO to ensure comprehensive supervision of representatives operating in both securities and insurance and financial planning sectors. About SIMA The Securities and Investment Management Association empowers Canada's investment industry. The association, formerly The Investment Funds Institute of Canada (IFIC), is the leading voice for the securities and investment management industry, which oversees approximately $4 trillion in assets for over 20 million investors and the Canadian capital markets. Our members—including investment fund managers, investment and mutual fund dealers, capital markets participants, and professional service providers—are committed to creating a resilient, innovative investment sector that fuels long-term economic growth and creates opportunities for all Canadians.
Canada Standard
14-05-2025
- Business
- Canada Standard
Tribunal Initiates Inquiry-Steel Strapping from China, Trkiye, South Korea, and Vietnam
Ottawa, Ontario, May 13, 2025-The Canadian International Trade Tribunal today initiated a preliminary injury inquiry into a complaint by JEM Strapping Systems Inc., of Brantford, Ontario, that they have suffered injury as a result of the dumping of steel strapping from the People's Republic of China, the Republic of Trkiye, the Republic of Korea, and the Socialist Republic of Vietnam and the subsidizing of steel strapping originating in or exported from the People's Republic of China. The Tribunal's inquiry is conducted pursuant to the Special Import Measures Act (SIMA) as a result of the initiation of dumping and subsidizing investigations by the Canada Border Services Agency (CBSA). On July 10, 2025, the Tribunal will determine whether there is a reasonable indication that the alleged dumping and subsidizing have caused injury or retardation, or are threatening to cause injury, as these words are defined in SIMA. If so, the CBSA will continue its investigations and, by August 8, 2025, will make preliminary determinations. If these preliminary determinations indicate that there has been dumping or subsidizing, the CBSA will then continue its investigations and, concurrently, the Tribunal will initiate a final injury inquiry. The Tribunal is an independent quasi-judicial body that reports to Parliament through the Minister of Finance. It hears cases on dumped and subsidized imports, safeguard complaints, complaints about federal government procurement and appeals of customs and excise tax rulings. When requested by the federal government, the Tribunal also provides advice on other economic, trade and tariff matters. Any interested person, association or government that wishes to participate in the Tribunal's inquiry may do so by filing a Form I - Notice of Participation.
