The Financial Post reports in its Thursday, Nov. 30, edition that after years of domestic and international pressure, securities regulators across Canada are moving to give the ombudsman that handles complaints against investment dealers the power to make binding decisions, including compensation orders for clients of up to $350,000. The Post's Barbara Shecter writes that the Ombudsman for Banking Services and Investments (OBSI) is a free service for those who have disputes with investment dealers, but it has for years been out of step with international counterparts that make binding orders. The Canadian Securities Administrators aims to put the binding system in place in 2024, following a 90-day comment period on structural elements of the proposal. The regulators said in a statement, "In developing the proposed framework, the CSA considered various public reports, consultations and reviews that contemplated the benefits of giving OBSI binding authority." Giving the dispute resolution body authority to render decisions that are binding on both parties "is consistent with international best practices and would bring more legitimacy to the system."