Pushing boundaries while supporting the status quo: the CSA’s proposals for cost and performance disclosure.

The CSA’s updated proposalsto improve disclosure of “advisor” remuneration and to institute a simple statement of client account performance were released on June 14 2012.

The proposals suggested a format for disclosure of “advisor”/firm transaction based remuneration and rudimentary formats for reporting holdings, transactions and more importantly gains and losses on an investor’s accounts.

There are a number of issues here: Continue reading