"On behalf of the Board of Directors of the CSF, I would like to express my sincere gratitude to Ms. Farley for her immense contribution to the protection of the public and the supervision of professionals involved in the distribution of financial products and services. It is with dedication and competence that she has led an organization assuming great responsibilities in a demanding context, marked, particularly in recent years, by a rapid succession of economic, social, regulatory and technological changes for the 34,000 professionals of the CSF and the consumers they serve," said Mr. Vézina.

"After leading a profound transformation of the organization by adding a set of high value-added services for both consumers and the industry, Ms. Farley leaves an organization in excellent financial and organizational health with a mobilized and competent team. It was under her leadership that the organization tackled the social aspects of personal finance management, including financial inequalities, by partnering with INRS to create the Chaire Argent, inégalités et société, and by forging partnerships with consumer advocacy organizations such as ÉducÉpargne and Option consommateurs, as well as offering increasingly relevant training for advisors and consumers, and this is all to her credit," added Mr. Vézina.

"The government has decided to reform the framework, in particular to complete the harmonization of Quebec securities practices with pan-Canadian rules, and to transfer the supervision of mutual fund representatives to the Canadian Investment Regulatory Organization. Now that the discussions have taken place and the decisions have been made, I close this professional chapter with great pride in the work accomplished, which has been extremely rewarding on every level," declared Marie Elaine Farley. "Over the years and thanks to our teams, we have carried out numerous projects, including a digital transformation focused on the customer experience, which will have made CSF a value-added partner and nurtured a culture of excellence that will contribute to the success of the new organization. I feel privileged to have been able to work for almost 25 years to protect the public and develop a dynamic industry bringing together professionals who play an essential role in our society, looking after the security, financial planning, retirement and savings of our fellow citizens," she added.

"I have been a privileged witness to the CSF's marked evolution and contribution to consumer protection. Under Ms. Farley's presidency, the CSF has become an innovative, high-performance organization, underpinned by a culture of excellence. Her vision, determination and constant concern for the public interest have enabled us to put in place a solid team, in addition to initiating structuring projects, particularly in the areas of professional development and continuing education, which will contribute to the success of the new Chambre de l'assurance," added Mario Albert, designated Chairman of the Board of Directors of the new Chambre de l'assurance and CSF Director.