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flag CIRO proposes automating account transfers in Canada to reduce investor frustrations.

flag The Canadian Investment Regulatory Organization (CIRO) has proposed rule changes to automate and streamline the account transfer process in Canada's financial system, aiming to reduce delays and frustrations for investors. flag CIRO's plan includes the use of automated systems and standardized data formats, with a vision for a real-time digital transfer system to be developed in collaboration with fintech companies. flag The organization is seeking feedback on the proposed amendments and technological solutions, with further updates expected in 2026.

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