September 9, 2021 Organization

Québec – The Autorité des marchés financiers (the “AMF”) today is publishing  the Notice of consultation (pdf - 50 KB)This link will open in a new windowUpdated on September 9, 2021Consultation notice on draft Regulation respecting complaint processing and dispute resolution in the financial sector. and the Draft Regulation respecting complaint processing and dispute resolution in the financial sector (pdf - 83 KB)This link will open in a new windowUpdated on September 9, 2021Draft Regulation respecting complaint processing and dispute resolution in the financial sector. (the “Draft Regulation”), intended to ensure  the fair processing of consumer complaints in Québec’s financial industry, and the related notice and request for comment.

“Through this initiative, which fits with our 2021-2025 Strategic Plan, we wish to optimize and standardize the way complaints are processed, to the benefit of all financial consumers,” said AMF President and CEO Louis Morisset. “This Draft Regulation was developed taking into account insights from an array of internal and external stakeholders as well as international best practices.”

The Draft Regulation defines what constitutes a complaint and establishes a common set of rules, obligations and practices for the financial sector with respect to the process and timelines to be followed in handling consumer complaints.

Comment period and information session

The comment period initiated today will last 60 days and end on November 8, 2021. During this period, anyone interested in submitting written comments on the Draft Regulation will be able to do so via the AMF website.

The AMF will be holding an information session This link will open in a new window webinar on Thursday, September 16, 2021 to explain the main thrusts of the Draft Regulation.

The Autorité des marchés financiers is the regulatory and oversight body for Québec’s financial sector.

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