Canadian Foundation for Advancement of Investor Rights (FAIR Canada)

FAIR Canada will undertake a comparative study of legislative and regulatory approaches that allow financial services firms and investment advisors to take immediate, short-term protective action for the benefit of vulnerable customers who may have lost capacity to give instructions due to dementia or other causes or who may be being subjected to undue influence, including elder financial abuse. FAIR will use the study results to develop a model protocol for taking protective action and, if warranted by the research, a regulatory framework establishing a legal safe harbour or similar mechanism for Canada.