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FSCO Reform Task Force Releases Preliminary Position Paper

By Reeves Richarz LLP

The task force looking at reform of FSCO has issued a preliminary position paper today calling for a new structure with broader supervisory jurisdiction. It appears that insurance issues would come under the watch of two Superintendents, one for market conduct and product issues, and another Superintendent of Prudential Matters.

The panel is inviting feedback.

For more info and to read the paper: Ministry of Finance

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