Why are s. 59-62 (Declarations of Competency and Declarations of Conflict of Interest) not in force?

  • Feedback received through the 2018 intentions paper highlighted the administrative burden and cost associated with filing declarations every time a registrant undertook services.
  • As the intent behind these provisions is to identify the registrant’s competence and increase transparency around conflicts of interest, OSPG explored other mechanisms through which the same goals could be achieved.
  • This includes a requirement for registrants to list their areas of practice on a public register and for regulated firms to address expectations around avoiding or addressing conflicts of interest.
  • Currently, the requirement for the declaration previsions is not in force. This will allow for more time to evaluate the effectiveness of these other mechanisms in meeting intent.