23rd of October 2018 11:30
Marie Elaine Farley, president and chief executive officer of the Chambre de la sécurité financière.
The Awards of Excellence of the Chambre de la sécurité financière, which is presented annually at the Gala banquet of the Congress of the insurance and investment, are being cancelled for the year 2018.
The Chamber took the decision to suspend before the discomfort expressed by thefinancial markets Authority in relation to the nature of this activity, explained in the Journal of insurance Marie Elaine Farley, the president of the Chamber.
In recent months, the regulator has argued before the House that the prices were more of a mandate to an association that an organisme d’autoréglementation.
Comparative study of recognition programs
According to a source who requested anonymity, in front of this situation, the Chamber would have ordered a comparative study of professional recognition programmes held in various corporations in Quebec. This analysis would have identified the existence of many recognition programs to corporations such as those of lawyers and engineers, among others. These programs have as a goal to recognize the best practices of their members.
With the support of its board of directors, the Chamber has filed this analysis from the Authority last August, according to our source. Mrs. Farley did not want to comment on the study. It has, however, clarified that the discussions with the Authority did not revive the application according to a schedule that would have allowed the holding of Excellence Award from quality, she explained.
The Chamber does not hold in 2019.