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Canada Eases Soft Dollar Regs

Traders Magazine, March 2008

Peter Chapman

Unbundling is still on the radar in Canada, but less so. The country's national regulatory body, the Canadian Securities Administrators (CSA), after criticism from industry, pulled back from a 2006 proposal requiring more documentation of how money managers use commissions. Instead of mandating an account-by-account split of the costs-research and execution-inherent in commission spending, the CSA is now proposing that money managers provide more qualitative and less quantitative disclosure.

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