CLHIA-ACCAP

12 ix. AMF Focus on Harmonization of Mutual Fund/Segregated Fund Regulation • The industry has proactively addressed the AMF's project to implement the harmonization of Mutual Fund/Segregated Fund regulation. A specific recommendation was adopted by the CLHIA's Board of Directors to facilitate the insurance and mutual funds industries working together to implement more detailed cost disclosure in the annual statements provided to IVIC policyholders and mutual funds customers. A consultation paper should be issued by CCIR in May 2016 with respect to the regulation of segregated funds and the CLHIA will be preparing a response. for implementation by OSFI/ AMF and the industry in 2020. • The Committee on Capital Adequacy and Solvency was also active in contributing to international developments through CLHIA submissions to the International Association of Insurance Supervisors on their three public consultations on Global Systemically Important Insurers. A submission was also made to the Financial Stability Board on their public consultation on Effective Resolution Strategies and Plans. The CLHIA also contributed to submissions by the Global Federation of Insurance Associations (GFIA) on all of these consultations. x. Cyber Security • A Committee on Information Security was established to provide strategic oversight to the CLHIA's work in this area. The CLHIA also continued to hold monthly meetings on threat intelligence that included a briefing of the threat environment from the Canadian Cyber Incident Response Centre (CCRIC) and an opportunity for a members-only discussion to encourage the sharing of information. Board of Directors President's Message Review of the Year's Results Members CLHIA Code of Member Service CLHIA Officers Chair's Message

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