OBSI News

As previously announced, Professor Poonam Puri is currently leading two separate independent reviews of OBSI’s operations and practices relating to our banking and investment-related mandates.

Consultation with stakeholders is an important component of these evaluations. Based on recent feedback we have received following the consultation announcement on November 4 and to ensure that all stakeholders who wish to participate in the consultation are able to do so, the evaluators have extended...

As previously announced, Professor Poonam Puri is currently leading two separate independent reviews of OBSI’s operations and practices relating to our banking and investment-related mandates.

The independent reviews are expected to conclude with final reports delivered to OBSI by late January 2022 for the investment review and late February 2022 for the banking review. Publication of the final reports will follow.

Consultation with stakeholders is a key component of these evaluations. To facilitate...

OBSI’s Board of Directors is pleased to announce the appointment of Professor Poonam Puri to lead external reviews to evaluate OBSI’s operations and practices for both banking-related and investment-related complaints. The purpose of these independent reviews is to determine whether OBSI is fulfilling its regulatory obligations and operating effectively in accordance with recognized best practices for financial services ombudsmen.

Prof. Puri is one of Canada’s leading experts in corporate governance,...

More Canadians are choosing to be self-directed or do-it-yourself (DIY) investors than ever before. In 2020, over two million new DIY accounts were opened in Canada - more than double the amount opened in 2019. This represents an unprecedented rise in the number of Canadians who trade securities on their own using the services of an order-execution-only (OEO) firm. A key feature of OEO firms is that they provide investors with access to trading platforms but do not provide investors with...