C & N Regulatory Consulting

Why Choose C&N Regulatory Consulting for Your Financial Services Needs?

In a nutshell, our strength lies in our extensive and diverse experience. Our two principals boast over 75 years of combined industry expertise in the realm of financial services. However, we recognize that the value we bring to our clients isn't solely measured by the years we've spent in the field. We have direct involvement in various facets of the financial industry, including trading, capital markets compliance, wealth management compliance, internal and external audits, regulatory examinations, industry association advocacy, and operations (back office). This broad spectrum of experience empowers us to approach challenges from a range of perspectives, allowing us to offer pragmatic solutions that harmonize the interests of all stakeholders.

 

We take a commercially oriented approach, understanding that a solution that's overly intricate, costly, or unfeasible isn't truly a solution. Leveraging our wealth of experience, we've cultivated valuable insights and a network of industry contacts that we can tap into to benefit your organization. Our track record is a testament to our successful collaborations with other industry leaders to achieve common goals, serve stakeholders, mitigate and manage risks, safeguard reputations, and fulfill our collective mission with practical and effective solutions.

NARESH TEJPAL

Naresh Tejpal is a seasoned securities industry executive offering an impressive 35-year track record in Capital Markets trading and compliance. With extensive exposure to various aspects of Capital Markets, including equities, debt, foreign exchange (F/X), and derivatives, he has proven ability to navigate the complexities of this industry. 

Furthermore, Naresh has actively engaged in prime services, operations, and trading technology initiatives, demonstrating his adaptability and commitment to staying at the forefront of industry developments. 

Notably, Naresh is a recognized industry leader in Compliance, offering invaluable, hands-on guidance to empower organizations and clients in achieving their business objectives while effectively managing regulatory and reputational risks. Naresh holds a CRCP designation from FINRA at Wharton and has also completed his FINRA Series 38 and 3. He has completed his CSC, CPH, Trader Training, Derivatives and CCO courses with IIROC.

In his capacity as the former Chair of IIROC's Conduct, Compliance, and Legal Advisory Section (CCLS), IIROC's CCLS Institutional Committee, IIAC's Debt Markets, and IIAC's Derivatives Committee, he has been a powerful advocate for regulatory policies that contribute to the establishment of a robust and competitive Canadian brokerage industry. His wealth of experience and leadership in these committees underscores his commitment to shaping the industry's future and promoting sound business practices.

Positions held by Naresh during his career are Managing Director, RBC Capital Markets, Senior Director, CIBC Capital Markets, Director, BMO Capital Markets, Market Examination and Surveillance Officer at Regulation Services (precursor to IIROC and now CIRO), Associate Director, Scotia Capital.

CHRIS CLIMO

Chris Climo is an industry veteran with 39 years experience in financial services including over 25 years in compliance and regulatory roles. He has operated at the highest levels of major financial institutions advising senior executives and Boards of Directors on governance, ethics and risk management. Positions held during his career include Deputy Chief Compliance Officer and Global Head of Capital Markets Compliance at CIBC, Managing Director and Head of Capital Markets Compliance at TD, Vice President of Wealth Management Compliance at TD and Chief Operating Officer of the Investment Industry Association of Canada. He has a global breadth of experience and was approved by regulators in Canada, United States and United Kingdom to hold executive Compliance and governance roles. These roles included Chief Compliance Officer of several Canadian investment dealers, Chief Compliance Officer of a US Swap Dealer and SMF 3 Executive Board Director, SMF 16 Head of Compliance and SMF 17 Money Laundering Reporting Officer of a UK Financial Institution.

Chris is a respected expert on interpretation, implementation, and oversight of adherence to complex financial services regulations. He has had significant, decades-long industry involvement, including leadership roles, guiding and shaping regulatory policy development and rule-making.  He is know for his ability to balance and represent the interests of all market participants including financial institutions, investors and issuers, with impartiality and integrity. He is a skilled, confident communicator, widely recognized for making impactful, engaging presentations on compliance and regulatory issues. Chris has a  track record of successfully collaborating with other leaders to achieve goals, serve stakeholders, reduce and manage risk, protect reputation and achieve the collective mission with practical solutions.

Chris has a Bachelor of Commerce (Honours) from Queen’s University, is qualified as a CPA. CA, and has completed numerous financial services industry qualification courses in Canada and the United States. He is a Fellow of the Canadian Securities Institute.