Yesterday's adoption by the National Assembly of Bill 92, An Act to amend various provisions mainly in the financial sector, tabled by the Minister of Finance on April 8, marks the beginning of a transformation in the supervision of financial services in Quebec: the Chambre de la sécurité financière (CSF) and the Chambre de l'assurance de dommages (ChAD) will merge to form the Chambre de l'assurance, which will be recognized as a self-regulatory organization under the Act respecting the regulation of the financial sector.

In the coming weeks, the CSF will be making every effort to ensure the success of the Chambre de l'assurance. It will work with the ChAD and the Autorité des marchés financiers to ensure a smooth transition and contribute to the success of the new organization, while maintaining a high level of public protection.

For members, nothing changes for the time being: the new organization will continue to oversee the continuing education, ethics and discipline of financial security advisors, group insurance and group annuity advisors, financial planners, mutual fund representatives and scholarship plan representatives.