New Manitoba securities chief appointed


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The province has appointed a new boss for the Manitoba Financial Services Agency and the Manitoba Security Commission.

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Hey there, time traveller!
This article was published 15/12/2018 (1343 days ago), so information in it may no longer be current.

The province has appointed a new boss for the Manitoba Financial Services Agency and the Manitoba Security Commission.

Finance Minister Scott Fielding announced David Cheop as the new chief administrative officer of the Manitoba Financial Services Agency and the new chair and chief executive officer of the Manitoba Securities Commission.

Cheop is the vice-president and chief compliance officer for IG Investment Management Ltd. and Mackenzie Financial Corporation. He was called to the Manitoba bar in June 1981, and worked in corporate and commercial law with an emphasis on securities law for six years. Cheop was appointed Queen’s counsel in December 1997.

He is also the vice-chairman of the ICE Futures Canada special regulatory committee and member of the policy advisory committee of the Mutual Fund Dealers Association of Canada. Cheop has received the City of Winnipeg Community Service Award and the Queen Elizabeth II Diamond Jubilee Medal.

“Mr. Cheop’s extensive experience in the securities industry will guide the MSC as it continues to improve regulatory protection for the public and investors, educate industry stakeholders, and co-ordinate with federal and provincial regulators,” Fielding said in a press release Friday.

The Manitoba Financial Services Agency enforces legislation for the province’s securities and insurance sectors, real estate and mortgage brokers, credit unions, caisses populaires, co-operatives and trust and loan companies. The agency includes the Manitoba Securities Commission and the Financial Institutions Regulation Branch. The Manitoba Securities Commission administers the Securities Act, the Real Estate Brokers Act, the Mortgage Brokers Act and the Commodity Futures Act.

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