Within CIRO’s latest compliance report, they noted an improvement is required to dealers’

policies and procedures to provide further details on how they intend to comply vs. restating the

principle-based rules within Client Focused Reform (CFR). This includes KYC/KYP, suitability

determination and ultimately the rules and “show your work” processes.

This will be a meaningful discussion on this topic. If it’s important to CIRO,

then it’s important to dealers and advisors. Understanding the varying perspectives will help

direct firms on how to navigate CFR changes and obligations as well as some of the

complexities they carry.

Key areas of discussion will be prompted:

1. Common challenges firms are experiencing today in meeting CFR obligations

2. How to efficiently achieve and show reasonable range of alternatives within KYC/KYP &

who’s responsibility is it (advisor vs. firm)

3. Architecting P&P to achieve the intention of improving the client’s outcome while

managing the additional resources and steps to do so

With over 20 years of experience in the financial services industry, Elisabeth is the Chief Compliance Officer of PEAK Investment Services, a division of PEAK Financial Group — one of the largest independent dealers in Canada. She has been an active member of the compliance committee of the Conseil des fonds d’investissement du Québec (CFIQ) for over a decade. The CFIQ represents the voice of IFIC in Quebec. In 2022, Élisabeth joined the board of directors of the Federation of Independent Dealers. Élisabeth is also an active member of the regional council of the Canadian Investment Regulatory Organization (CIRO), providing an incredible opportunity to contribute to shaping the future of the industry.

Nancy Mehrad is a securities lawyer and CEO of the law firm, Registrant Law, and advises her clients in the areas of securities law and regulatory compliance. Registrant Law (www.registrantlaw.com) provides securities law and regulatory compliance services. Nancy has over 20 years’ experience advising investment dealers and mutual fund dealers, portfolio managers, and investment fund managers. Nancy is currently a member of the Ontario Securities Commission’s Regulatory Advisory Committee and was a nominee of Canadian Lawyer’s Top 25 Most Influential Lawyers in Business Law in 2022. Nancy has extensive in-house experience in the investment management industry, supporting the advisory, distribution, and asset management sides of the business, and previously worked as Legal Counsel at CIRO. Nancy currently teaches at Osgoode Hall Law School’s Intensive Course in Canadian Securities Law and Practice, and was previously Adjunct Assistant Professor at Queen’s University Law School, teaching securities law.

Sean Shore is a lawyer at Canadian Compliance & Regulatory Law where he represents investment dealers, mutual fund dealers, portfolio managers and other registrants in the Canadian investment industry. He is also a public hearing panel member for the Canadian Investment Regulatory Organization. He was previously the Chief Compliance Officer for the Wellington West Group of Companies and following the Wellington West acquisition by National Bank Financial, held a senior compliance role with National Bank Financial. Sean holds law degrees from the University of Manitoba and the London School of Economics and has been practicing law since 1995.

Tania Tomilko; AVP Business Governance & Control, Sun Life

My name is Tania Tomilko and I am the AVP of Governance, Operations and Transformation at Sun Life Canada. I have led transformation wealth programs at RBC, TD and now at Sun Life. These include a new active trader platform, digitization of client advice, and the operationalization of regulatory change. Most recently I have been part of the new investment dealer launch at Sun Life, Sun Life Canada Securities Inc, where I was responsible for standing up the Supervisory and Registration & Licensing functions. I consider myself a business strategist (not a compliance person) and my passion is to ensure that humans are at the centre of our business decisions, including clients, advisors and employees. Because of my human-first focus, I enjoy talent development and mentorship.

Outside of work I am a mom to three grown-ish children, a Samoyed and a Siberian-forest cat. I am an avid reader who also loves crafts and nature. For fun I sign myself up for active women’s retreats, including yoga, surfing and hiking. In June I will be going to Africa with one of these groups for Chimp and Gorilla treks, and I have signed myself up to go to Everest Base Camp in October to celebrate my 25th anniversary with my husband.