Mutual funds over-regulated?

In a candid video interview, former OSC regulator Rebecca Cowdery, now partner at Borden Ladner Gervais and a specialist in the regulation of investment funds, discusses industry concerns that CRM 2 (in effect July 15, 2013) will put unequal regulations on different sectors and products. She responds to suggestions that mutual funds may be over-regulated causing possible harm to the small investor and driving investors away to other investment products. In the interview she comments on the “fractured” Canadian regulatory system and the Canadian Securities Administration (CSA) recent CRM2 regulations that place additional compliance “burdens” on advisers and the firms they work for.

[Editor’s note: when a lawyer hints there might be too many laws, I generally stop and check to see if hell has frozen over, etc.]

The video interview can be seen here:

http://www.investmentexecutive.com/-/crm-2-competing-products-different-rules-