(AGENPARL) – mer 05 luglio 2023 [Manitoba Media Notice]
July 5, 2023
Manitoba Government Issues Consultation Paper on Financial Planner Title Protection Legislation
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Feedback Will Inform Future Changes to Protect Consumers: Cullen
The Manitoba government has issued a consultation paper to gather public input on a proposal to implement legislation that would ensure individuals using the titles ‘financial planner’ or ‘financial adviser’ are sufficiently qualified, Finance Minister Cliff Cullen announced today.
“We’re committed to strengthening consumer protection and protecting the hard-earned savings and investments of Manitobans,” Cullen said. “Manitobans needing financial advice should expect to be guided by certified financial professionals with proven qualifications and expertise.”
In Manitoba, concerns have been raised that individuals may refer to themselves as ‘financial planners’ or ‘financial advisers,” but lack associated credentials, the minister noted.
Title protection legislation would prohibit individuals from using the titles ‘financial planner’ and ‘financial adviser’ unless qualified to do so. The Department of Finance is seeking feedback on the advisability of such legislation, as well as submissions on specific questions regarding the structure of such a regulatory regime.
Other provinces have implemented or are considering similar legislation and the Manitoba government will consider approaches in other jurisdictions to help inform its approach, the minister said, adding that the consultation paper summarizes the background and outlines developments in four other provinces for review.
The consultation paper will be open for comment until Sept. 30.
For more information about the paper and to provide feedback, visit [https://engagemb.ca](https://engagemb.ca/).
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For more information:
– Public information, contact Manitoba Government Inquiry: 1-866-626-4862 or 204-945-3744.
– Media requests for ministerial comment, contact Communications and Stakeholder Relations: 204-451-7109.